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Call as to whether the u. S. Gets a recession, but he is still expecting one, predicting that we could get rate cuts before the end of next year if the economy slows. Joining us now is nathan sheets. Good to have you. Weve had a day or so to slice and dice cpi. A lot of discussion about shelter away from home and so forth. How does it feed the fed i guess communication over the next few weeks . Yeah, i think bottom line on this cpi report is that it was a reminder to jay powell and his colleagues, yes, they made some progress on inflation, the road back to 2 will be long and challenging. And they still have some work to do. And as a result of that, i think now the fed is going to be kind of shifting its discussion from how high go we do we need to bew long well keep the rate above 5 . And i think ultimately it is going to be a while. We ought to get used to 5 plus short term interest rates. Are you not of the school of thought that shelter at least, or owners equivalent rent, will foll

Bottom lineJay powellStill workShort termServices componentSomething likeWage growthEnd gameGame fiveUnemployment rateRate risingSlower economyGovernment shutdownChina largeBalance sheetsAsset managers