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They committed 5.3% yesterday. the trend is lower. those are not negative numbers suggesting that inflation is coming down. they re lower positive numbers. prices are continuing to go up and people feel it in their wallet. they feel it in their pocketbook. you have the three people interviewed telling you so. so it still is a very difficult environment for the average american. whether or not jay powell will continue to raise rates, i think that today s ppi report, which was weaker as well, portends that next month s cpi report should also be sub-5%. so i think he could actually get away with skipping again in july and holding rates right where they are. neil: wholesale inflation report that is generally considered to be a precursor of what we pay at the retail level. you re right about that. but i talked to white house officials and prominent democrats that like to seize on developments like this to say, see, inflation is coming down ....