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economists were expecting. so what you have right now is a scenario where business level inflation does appear at least from one data point to be moderating a little bit, which is why even with that data showing a large year over year increase, up around 8.7%, it is still lower than it was in the previous month. that is leading some to be a little more optimistic which is why you are not seeing a mastiff market reaction today the likes of what you saw yesterday. but what it comes down to is whether or not this will change the calculus for the fed. and at last check on the heels of that inflation data this morning, there is now pretty much an expectation predominantly that the fed next week will raise short term interest rates by now three quarters of 1% and there is a 34% chance that the fed will raise rates by one full percentage point mark. and if they were do that, hypothetically, if the fed were to raise by one full percentage point, it would be the largest single raise f

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