The Deadly Wildfires devastating maui has now killed at least 36 people. Their bodies discovered in the ruins of the raging inferno. Officials held a News Conference just a short time ago. Primary focus is to save lives. Prevent Human Suffering and mitigate property loss. That is what the counties were and are doing. What we do anticipate is additional requests and were already providing support for trying to get the communications back up, water distribution. Were hearing they may need more Law Enforcement official for federal and state Law Enforcement. So were working through that. The damage to the infrastructure, it is not just buildings, i mean these were Small Businesses that invested in maui. These were local residents and we need to figure out a way to help a lot of people in the next several years. School was destroyed. Many of the businesses, a church was destroyed. It will take years. Devastation was most serious in the town of lahaina, a tourist and economic hub with 9,000
We re expecting modest increases with inflation. if we see that in line with expectations, is that good news for the fed? yeah, this will be a complicated report to read for the fed, but i think overall the takeaway is good news. we re likely to see headlineact up a bit. but that is really sort of a mechanical effect. because we had a low inflation reading last july. a strong one last june. so last month looked a little softer and this month will look a little stronger. i think the real takeaway is going to be that we re going to see a slower, you know, movement upward in the inflation number that takes out food and fuel both of which move around a lot there month to month. and i think that is what the fed will be watching here. so you expect core inflation to move up, knots as much perhaps as it had. and that is really important to