Rima Grace

Why don't you go?

Yeah, I have a feeling that Sadiq was...

Just about to get into this, but I think some of the adjectives that came up might help us, you know, get a sense of how the inflation report came across.

There were a lot of words like worst and biggest and largest monthly gain tossed around.

And those are often not the kinds of words you want to see pop up when you're talking about the prices that people are feeling day in and day out.

It wasn't a huge surprise that a lot of that was driven by energy costs, which is something that people are especially feeling in their pocketbooks.

But

I think that was a quick sense of the mood that the report delivered today.

That sounds about right.

Sadiq, are you back on the line?

Oh, great.

I think we lost you there.

What were your first reactions?

What are the vibes of this report?

Yeah.

Rachel, there was this moment, you know, a year or so ago where it felt like the Fed was close to achieving that soft landing.

But now I don't know.

Look, things are looking pretty rough.

Do we think that 2 percent target is just a far off dream at this point?

Yeah, I mean, we're now coming on, what, five years of inflation being above the Fed's target.