Extraordinarily elevated due to putin s price hike. bret: they can say putin price hike as many times as they want but the bottom line is they are forecasting a big number tomorrow. above 8%. listen, the fed would not be looking to raise their base rate federal 50 bases point twice as much multiple times if inflation wasn t worse than what they re really saying. i don t get what they have done to make it better. they haven t done much to make it better. read jamie diamond s letter ceo of j.p. morgan all the spending coming out of washington and to the fact that we have problematic inflation. he also reappointed jerome powell who was late on the game with inflation. and you know, listen, i covered the markets. i often cover the doing market and politics and i grew up in this 170s. the party in power during inflation never fares well in