Amy Scott

Hello.

All right, Greg, let's start with your takeaways from that inflation report.

All right, Greg, let's start with your takeaways from that inflation report.

Good news?

Good news?

Catherine, what about you?

Catherine, what about you?

What are you seeing in this report?

What are you seeing in this report?

What stood out to you?

What stood out to you?

A lot of the same highlights that Greg just mentioned.

A lot of the same highlights that Greg just mentioned.

So, yep, good news that so-called core inflation stripping out volatile food and energy prices fell to its lowest level in almost five years.

So, yep, good news that so-called core inflation stripping out volatile food and energy prices fell to its lowest level in almost five years.

It's a little bit hard to know how much to take this report at face value because there's still probably some distortions from the recent government shutdown, of course.

It's a little bit hard to know how much to take this report at face value because there's still probably some distortions from the recent government shutdown, of course.

And as Greg points out, there's also evidence that tariff rates

And as Greg points out, there's also evidence that tariff rates

tariff costs may be increasingly passed along to consumers.