let's bring in the first guest for the show today daniel morris. great to have you with us this morning. let's talk a little bit about fed moves coming up. we are getting a lot of narratives coming out about whether we see a pause in the rate hiking cycle in kseptember. what do you think? >> it comes down to the inflation. what the fed does is dependent on the trajectory of inflation we need to focus on core inflation and not headlines. you mentioned cpi at 8%. that will get headlines, but it is not what the fed is worried about. it is important with headline inflation in the u.s. or uk or eurozone the figures are similar. what is driving monetary policy is core inflation. you see different numbers. in the u.s., it is over 6% over 5% in the uk. in the eurozone, it is 3 you have a different trajectory for the expected level of policy rates and what we see realized depends on the core inflation figure. >> let's think about the average american at the moment a lot of focus on the gas prices at the pump and how that is affecting people we are seeing no

daniel late jackson here. i mean, we'll maybe learn in the future, but there was a point of inflection. it is stem bull. and apparently with the media is a reporting as ed morris johnson told the zelinski, ha, no, you're not, you're not getting negotiate here. and ever since then again, this is a lead to, we don't have a we, we need to have a call cooperated. but, but daniel, at that point, the, i think the russian side said, well, what's the point in negotiating with you people? first of all, you didn't implement minsk one or 2. why should we believe you? now? i think this is one of the best big misconceptions in western media. i mean, what do you think rushes in particularly interested in living, listening to what zalinski to say about anything at this point daniel? well, the funny thing is we had for years of the democrats in the u. s. and a lot of european leaders believing that somehow trump was putin's agent. but literally, if putin was the greatest by master in history, he could not have had agents as fantastic as he has right now. and let's just look at the economic front because oil has skyrocketed, obviously, mostly because of sanctions, but also bec

daniel late jackson here. i mean, we'll maybe learn in the future, but there was a point of inflection. it is stem bull. and apparently with the media is a reporting as ed morris johnson told the zalinski i, i know you're not, you're not going to negotiate here. and ever since then again, this is a lead to, we don't have a we, we need to have a call cooperated. but, but daniel, at that point, the, i think the russian side said, well, what's the point in negotiating with you people? first of all, you didn't implement minsk one or 2. why should we believe you? now? i think this is one of the best big misconceptions in western media. me. what do you think rushes in particularly interested in living, listening to what zelinski to say about anything at this point daniel? well, the funny thing is we had for years of the democrats in the u. s. and a lot of european leaders believing that somehow trump was putin's agent. but literally, if putting was the greatest spy master in history, he could not have had agents as fantastic as he has right now. and let's just look at the economic front because oil has skyrocketed, obviously, mostly because of sanctions, but also be