Before we go "ballooning" again tonight—and we'll be speaking with Senator Tom Cotton in just a moment — a few words about today's hotter than expected consumer price index. It wasn't a disaster, but it wasn't so great either.
Basically, the Federal Reserve is still a one-man band getting no help from Joe Biden's inflationary fiscal policy, but the central bank is making progress. Today's topline number was 6.4%. Excluding food and energy the core rate was 5.6%. READ MORE