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Of an inflation without declaring victory. people are clearly not feeling that yet. >> that's the big question. he really has to hit it to the middle. he wants to show the markets, look, we're going to fight inflation, we're going to crush it, don't worry. he doesn't want to scare the market so much that they're going to topple. people are more invested in the markets than they ever have been in america, you know, they really feel it when stocks go down, when housing prices go down, some of that is good, too much scares everybody. so he really wants to hit it to the middle. >> specifically wha...

That by raising rates, you will in the process of doing so bring that big number down, but it could go on awhile here. furthermore, he seems to be intimating here that he will hold them at the higher level until he convinced inflation is under control. isn't that why the markets held off? there might be more time to this than we thought? >> i think the part of the question is a, should we be looking at the sequential improvement we've seen and more importantly today as you pointed out in the pce. we're seeing improvement and a lot of prices coming down. that continues. goods price pressure has...

Homebuyers apex body FPCE has written a letter to West Bengal Chief Minister Mamata Banerjee, urging her to take necessary steps to make real estate law RERA functional in the state within one month.

U.s. will convene and discuss the path to higher interest rates. there is some trepidation on what fed chair jerome powell could say on friday. will he spook the markets and say interest rates will rise faster than expected in late september? hallie? >> nobody can predict the future, but you mentioned a couple of things we're looking ahead to. at what point might we get some clarity on the next fed moves and where investor's heads are at? >> later this week, we get another read on inflation, the core pce number. that is the real number that the fed focuses in on. so if that inflation comes in ...

All right. a big temperature check for the economy this week. new home sales, durable goods orders and an updated estimate of second quarter gtv -- i just chose three random letters, right? any three letters. i have no idea why those came into my head. gdp, those are the three correct letters here. these reports coming in the next few days. here to save me, christine romans chief business correspondent and rahel solomon. >> pce is friday. >> maybe it's pcp. i don't know. what are we going to see this week? why is it important? >> it's critical because we're getting closer and closer to the nex...