jonathan: matt, the road to september is long and the cvi prince, there are two more labor market reports and a ton of data next week. what is more important to you at this point, the data or fed speak -- which i imagine you anticipate pushes back again some of this? matt: we think the inflation data is going to be pretty spicy over the next couple months, so honestly inflation is not really where i think markets are going to be focusing. they will be focusing on the growth data. it will be important what we see in the labor market. it will be important what we see in the pmi numbers. between now and september. ultimately, in order to get the market to start moving higher in yields again, you are going to need to see growth data rebound. you will need to see the market start thinking that maybe the next dot plot will have a higher terminal rate than the one in june. this was, in my view, the big mistake powell made, invoking a dot plot from six weeks ago. a lot has happened in the past six weeks. we have gotten strong inflation data, a very decent labor market report. i do not understand

you can look at cvi, median cpi, their preferred metric is core pce inflation.hink they will need that's month over month core pce inflation figure to come down to 2.5% or 3% on an annualized basis. we get core pce friday. we are expecting month over month figure to accelerate sharply to .63%. almost double the pace we have seen in may and there is no incentive right now for the fed to slow down. eventually, once the month over month inflation rate slows, i think they will be able to back off a little bit and produce the size of rate hikes they are currently following. we are expecting them to slow down to 50 basis points in september and three 25 basis points hikes is inflation flows. i think larger than 20 five basis point hikes will hang around for a while. kriti: and of course that comes as we see some right cuts are getting price into the market. robert dent, it is a pleasure always to have you on our show. up next, bloomberg brings you full covert of the fed's decision including drone powell remarks. all of that is coming up with john keene, thanh pero --

and that has been the problem with cvi since its inception. we have given organizations 1 million dollars to solve a billion dollar problem. and that is never going to happen. we have to make sizeable investments and devalue the lives of black and brown people who are dying at an alarming rate. >> so, in addition to those investments, what else do we need? i know it is not just about the money. the money is critical, but what else? >> that is what's -- also, we have to professionalize the field. we have to create opportunities so that the field can be nurtured and cultivated in a way so that it has the same ability to grow as other industries and sectors throughout the united states, or throughout our entire ecosystem. by professionalizing the field, what we allow is the brightest minds to be involved in solving the biggest problem. the greatest example we saw was when we addressed covid. what did we do? we brought in the best of the best in every sector to address what an epidemic or pandemic in our country. if we take the same approach, but