The combo of PPI and CPI over the past two days helps reinforce that the Fed doesn’t need to adjust rates for now, notes Kevin Gordon. He discusses takeaways from CPI and PPI data. He talks about how underpinning the “higher for longer” strategy is making sure real rates stay in restrictive territory. He goes over what cooling inflation means for the Fed. He highlights that yesterday had the perfect mix of ingredients needed for a sustainable rally. Tune in to find out more about the stock market today.