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these are two big deal events. we ve only seen them happen on the same day at seven times in the same day at seven times in the last decade. to start, the consumer price index. that s the key inflation gauge that helps good news wednesday morning for american consumers and the fed. it should inflation calling site in may after she particularly hot rebels in the first few months of the year. at 3.3% the yearly price increase was slower than expected and slowly increase we saw in april. the data actually showed no change month to month between april and may. and the core inflation rate which excludes volatile food and energy prices called as well. that s the kind of news federal reserve officials are looking for. but it was enough to warrant an interest rate cut. here is federal reserve chair jerome powell. we see today s report as progress and is building confidence but we don t see ourselves as having the confidence that would warrant beginning to loosen policy this tim ....