Metals on his outlook on what is turning into a very interesting commodity space. So far this morning, weve seen all three major indexes in the green. Staging a bit of a rebound from earlier when all three were in the red. When we started the show last hour so, you know, some kind of mixed commentary today the overbought theme is still out there. Youve got some concerns about china and potential contagion risks over there now some additional headlines. The tenyear back to 4. 2 and breaking news out of the fed lets get to steve liesman. Good morning, carl. New york fed Household Expectation showing oneyear expectations falling from 3. 5 to 3. 8 . A fairly large decline in inflation among the population oneyear Inflation Expectations are at their lowest level since april 2021 this follows a similar decline from michigan. Oneyear expectations are down 3. 3 Percentage Points from 6. 8 in june 2022 theyve come a long way in a year threeyear down to 2. 9 but it has been there in the past and
Operator: Hello, and welcome to the Meritage Homes First Quarter 2024 Analyst Call. [Operator Instructions] As a reminder, this conference is being recorded.