Rima Grace

Well, you know, Sadiq, you know, sticking with oil for a second, prices keep climbing, right?

The straightforward moves is effectively locked down during this shaky ceasefire.

And we've gotten used to a world where oil moves pretty reliably around the globe.

Now that we're starting to see fractures in that system, what might that mean long term for prices and the broader economy?

Yeah.

Sudip Reddy is from MS Now and Rachel Siegel is with The Washington Post.

Thanks so much, you two.

Thanks, Reema.

Wall Street Today has also been reacting to the news.

We'll have the details when we do the numbers.

You know, one thing that's making the inflation fight and the Fed's job a little trickier right now is the cost of housing.

In the CPI report, it's referred to as shelter costs, which is basically rent and what homeowners would pay if they were renting.

We saw that measure shoot up during the pandemic and had been cooling off for a while.

But over the last three months, it's kind of stalled out, stuck at about a 3 percent annual increase.

Now, that might sound discouraging, but there are signs that those shelter costs could come down soon.

Marketplace's Nova Safo has that story.

Shelter is a really big part of the CPI because the cost of housing is a really big part of households' monthly budgets.

So places like Austin and Phoenix and Atlanta have built a lot of apartments.

And as more housing supply came online of those metros, the cost of housing has come down.

Continuing with inflation for a minute, there's the data, which we just heard about.