Scott Galloway

It'll be the first meeting with Kevin Walsh serving as governor, and investors are increasingly betting that the Fed may need to stay aggressive on Kalshi.

The odds of a rate hike before 2027 have climbed to roughly 50%, and if you remember at the start of the year, the odds were in the single digits.

So, Scott, this inflation report, we're up to 4.2%.

I'll just point out that before we had the tariffs, essentially the inflation that Trump inherited was 2.3%.

Then we put on the tariffs and it rises to 3% within a year.

And then we add this war in Iran on top of that.

and a strait that remains blockaded.

And we keep on hearing about a deal, but then we also see that we're striking Iran, striking missiles in Iran.

Trump is now saying that he wants to take Karg Island.

And so you add that war on top of it, you add on the inflation in oil prices, and we are now at 4.2%.

We are above 4%.

We're more than two full percentage points above the Fed's target rate.

There's a lot to say here about this inflation report.

Where would you like to start?

So let's just, for a reference point, let's compare it to some other G7 countries or neighbors.

Mexico, we're at 4.2.

Mexico's at 3.9.

The Eurozone is at 3.2.

Canada, our neighbor to the north, we put these ridiculous tariffs on.

Despite that, and 70% of their export market being to the U.S., their inflation's at 2.8.