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Front, showing continued moderation. The market is pricing in the summer. That is quite reasonable. They have room to be very patient. Likely you could see the rate cuts get pushed back. There is a cyclical Recovery Room in this economy which may or may not support that june cut. The baseline remains two or three cuts starting in june. Hopefully now we have less chatter about a hike or no hikes this year. This is bloomberg surveillance with jonathan ferro, lisa abramovitz, and annmarie hordern. Jonathan good morning. This is bloomberg surveillance. Your equity market is negative by one third of 1 on the s p 500. Chairman powell says he needs more evidence. He will get more evidence this week. Cpi, ppi, retail sales, jobless claims all on deck. Lisa cpi is on deck tomorrow, likely the biggest. Will a decline in yearoveryear cpi, when you strip out food and energy, falling to 3. 7 be sufficient to cut rates . Maybe not this month but maybe in june. Jonathan that data has whipsawed market

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