Inflation Came In Lower & Labor Market Is Struggling

This was great news because inflation came in lower than expectations, not just for that headline number but also for the core portion of CPI which excludes the volatile food and energy categories, notes Sofia Baig. She and Rebecca Walser discuss the takeaways from today's inflation data. They highlight the CPI report. CPI month over month came in at 0.2% versus an estimated 0.3% compared to the prior 0.1%. They go over what today's CPI report means for the Fed, in addition to expectations for the Fed meeting later this month. Rebecca highlights how we know that the labor market is still hit and that's going to keep giving us wage increases because that has to entice people to come back. Tune in to find out more about the stock market today.