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brookings institute speech. he spent a lot of time defecting from the unemployment rate and traditional phillips curve narrativemore beverage curve narrative. that is a focus more on how many jobs are there per unemployed person. that is what we see from the data that feeds into wage inflation. he spent time defecting the importance to this data from the unemployment rate, and maybe he is trying to give himself some room showing if this data turns around and shows a softening without a substantial uptick in the unemployment rate, maybe that is enough to warrant a pause next year in the hiking cycle. kriti: there is a shortage of data to process for the federal reserve. let's talk about the data today. producer prices coming out, and sentiment data for the consumer. preview that. >> producer price inflation will give us a can't on the extent of the drop in core goods inflation. we know core goods inflation was one of the first to take off last year due to the bottlenecks in the supply chains, which have been eased. that white line is the core goods inflation, it has dropped dramatically. the importance for powel