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Happy Friday, team. I'm Phil Rosen. This week we've seen a storm of economic data in the US. 

The alphabet soup of readings — CPI, PPI, and jobless claims — all point to cooling inflation and a softening labor market. 

In theory, that's good news for the Fed, because it suggests its policy is working. 

Tech Insider : Economy, Politics
Jerome Powell smiles after taking the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System at the Federal Reserve Building in Washington, DC, on May 23, 2022.
Jerome Powell smiles after taking the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System at the Federal Reserve Building in Washington, DC, on May 23, 2022.
Tech Insider : Economy
People stand at the check-out counter at a grocery supermarket
People stand at the check-out counter after shopping at a grocery supermarket in Alhambra, California, on July 13, 2022.
Tech Insider

Well, well, well if it isn't another CPI day. Phil Rosen here — March's inflation report is due at 8:30 a.m. ET today.

Here's how FactSet data predicts things to shake out: 

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Barry Sternlicht
Barry Sternlicht, Chairman and CEO, Starwood Capital Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 3, 2022.
Tech Insider : Crypto

Howdy team. Senior reporter Phil Rosen here. 

Everyday now we've been talking about Silicon Valley Bank — SVB — and I've had to catch myself several times from saying SBF — Sam Bankman-Fried — the guy behind the other big financial collapse in recent months