Following that PPI number, a little bit of hotter to read on inflation. Rick Santelli joining us now from Chicago with the bond report. But again, I guess I'm a little bit vexed.That's a thousand word, Rick, about why we're not seeing a bigger move in bonds or stocks. Yeah. Well, that those are my deos.PPI hot claims tame. And the next one, limited treasury reaction to the data. And I could say limited market reaction.You've said basically the same thing. But guess what. The market has a big opinion here, f ...

On August 12th, we saw the latest CPI data and it had mixed results. So, the headline came in below expectations at 2.7%. But core CPI, excluding food and energy, was higher than anticipated at 3.1%.Markets seemed to focus on the headline number as equities rallied and 2-year yields dropped. This release drew intense scrutiny due to the weak unemployment data that was reported back on August 1st. A deteriorating labor market typically signals disinflation, but persistent inflation had raised concerns about ...