economist anna wong for preview. what are you expecting? we are expecting lower energy costs will give the fed a christmas present via a flat headline cpi tomorrow. we are expecting also that core cpi, which has picked up a bit to 0.27% on a monthly basis. year-over-year, that means headline would fall from 3.2% to 3.1% and core would stay around 4%. i think really the bigger picture to take away is that last friday we saw from the university of michigan survey that short-term inflation expectations have plunged from about 4% to just 3.1% and highly driven by lower energy prices. what we are seeing is a mild winter, so people's energy bills are not as high as before. that is a gift from the weather and energy component alone. sonali: a lot of luck on the side of the administration. what about the fed? inflation is not going to be less of things like oil prices. does it change the contradiction in terms of the fed cuts into next year? anna: the fed cares about two things first, what the court inflation data is showing. and second, what inflat

tom: i'm glad that you brought up this quote from anna wong, because she has had a terrific 2023 going high rates and boom it turned on a dime. for someone like wong, that is what happens. you get the call and, boom, it changes like that. today it will be boom for people who look at labor economics. jonathan: you can get a fed call right, the call on the economy dead wrong. it has been like that for so many people. even if you called 550 what would you call on the economy? q3, north of 5% gdp. shocking to so many people. tom: is this report at eight: 30 that kind of boom statistic that upsets the apple cart of people trying to make three calls? lisa: how much is health care bullish, a bullish sign of the economic trajectory? i don't know. honestly, this is one of the things that people are backing out to understand the components when you break down this employment report. tom: i will give jon ferro major, major credit for driving this forward. i was like, whatever, i will try to walk another mile. my physical trainer, fine training, ted fine -- he runs marathons. he wants me to run a