This week, the Consumer Price Index (CPI) inflation number came in lower for July (8.5% YoY) versus June (9.1% YoY). Seeing this number begin to decline has certainly been welcome news for markets. However, the headline rate (8.5%) may not be telling the whole story on this battle to stymie inflation.

Hear Chris and Jesse talk through the various components of the CPI “basket”, reveal how some internal numbers are still growing, and share some strong comments from a normally more dovish Fed Governor that suggest the fight to beat inflation isn’t over!

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