Rich Diaz

Anyway, it didn't seem to matter because even though it was below expectations, like headlines... Guys, I was hanging out at the Chelsea Hotel and I know what came up this week.

Whoa, whoa, whoa, whoa, whoa.

You mentioned you forgot to left out the best part.

So I'm looking at your own chart.

So inflation shelter and rented accommodation is still up year over year.

Yeah, 3.5%.

So again, it's decelerating.

The rate of change is moving lower, but it's still saying rents are technically, in their view, are up 3.5% year over year.

Which is bananas.

I have something to add.

Go.

I'm curious to hear Keith's thoughts, even though I know what the answer is going to be.

So you're seeing all this inflation stuff.

And it's funny to read the headline like, well, like headline inflation came in like lower than expected.

That's kind of interesting.

And I'm reading, obviously, you know, in the US, they're talking about like the new Fed chair that's just come in and.

They're saying, well, yeah, listen, obviously inflation in the US is becoming an increasingly bigger problem.

The cat is somewhat out of the bag.

And there's rumors that the new Fed chair could abandon their desired target, which is the usually target PCE, right, Rich?

What does that stand for again?