Joe Biden's Inflation Report

CPI inflation report out this week was good, but it was bad. Top line inflation rate is down to 3.2%, way below the 9% peak that we had about a year ago. Core rate, excluding food and energy, which includes labor costs, spiked up to 4.7%. The biggest hike there was shelter,. But wages are part of that, services, wages. It's very important. We got inflation problem, lingering, sticky inflation.