Amy Scott

In Denver, I'm Amy Scott in for Kai Risdahl.

It's Friday, February 13th.

It's Friday, February 13th.

Good to have you with us.

Good to have you with us.

It's been about five years now that we've been living with inflation higher than the Fed's target of 2% annually, but we're getting closer to that target.

It's been about five years now that we've been living with inflation higher than the Fed's target of 2% annually, but we're getting closer to that target.

Today's delayed Consumer Price Index report

Today's delayed Consumer Price Index report

From the Labor Department, shows prices rose just 2.4% on an annual basis in January, down from 2.7% the previous month, and way down from the peak of more than 9% in 2022.

From the Labor Department, shows prices rose just 2.4% on an annual basis in January, down from 2.7% the previous month, and way down from the peak of more than 9% in 2022.

But as usual, the devil is in the details.

But as usual, the devil is in the details.

And here to dive in with us are Catherine Rampell at The Bulwark and MSNOW, and also Greg Ip at The Wall Street Journal.

And here to dive in with us are Catherine Rampell at The Bulwark and MSNOW, and also Greg Ip at The Wall Street Journal.

Hi, you two.

Hi, you two.

Hey, Amy.

Hey, Amy.

Hello.