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west and winter storms out east. and now, rite aid and how the drugstore is being accused of fueling the opioid epidemic. this is what we are watchingt that hour. thank you for being here, i m kate bolduan, and we are beginning with the turmoil, the fallout, and the wild ride that has already been this week since the abrupt collapse of silicon valley bank. and the federal reserve is looking at the oversight of the bank and what went wrong and who missed what. the regional banks are bounce back after confidence of the institutions were shaken yesterday. this is how the stocks are performing right now. that is not all that is shaking up the economic picture this morning. we got the latest read of inflation. the government reporting that inflation fell for the eighth straight month in february. matt egan and john solomon joining us u no. matt egan to you, what are we seeing? we are seeing that the pressure is easing here, and the fact that the regional bank shares fe ....
Coming down, and another headline coming down at 6% annually is matching what economists have said, and we have not been able to do that much in the last year, and so that is excluding the volatile categories like food and energy, but when you are looking under the hood, you will see the bit of concerning sign, and food prices are higher by 9.5%, and looking at the shelter price, and these are essential categories, and shelter prices are up 8.5% on an annual basis, and shelter prices were the largest contributor to rise that we saw in inflation, and so still some concerning signs, but essentially, we are seeing that inflation is cooling in a gradual way, and as if you are turning off the oven at home after you cook something, and you can t snap your fingers and it is automatically going to cool cool, and it will take some ....