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neil: welcome to opposite day. a big and really big demonstration in washington. this one in support of israel. and a big surprise on inflation. this one all but guaranteeing no rate hikes and maybe for a while. welcome, everybody. i m neil cavuto. i do want to show you something because it s something that you don t often see. a look at interest rates across the board. jaw dropping when you look at how much and how quickly they were dropping and how much stocks are jumping as a result. much more on all of that in just a moment. suffice it to say that because of that big drop in interest rates, mortgage rates could follow suit and your borrowing costs could follow suit. there s no way knowing for sure, but obviously the financial community liked it. now to that other big rally that surprised a lot of folks. because it was a big one in support of israel. you don t hear that these days. hillary vaughn is there on the national mall in washington. hillary? hi, neil. isr ....
In all likelihood. and who knows. i mean, what the next wave will bring us. but it does feel like the economy is finally breaking free, yep. so you hear the president talk about this is historic. leisure and hospitality up 151,000 jobs. professional svices up 86,000. retail up, transportation up. so you look across the economy and you see strength, mark zandy. the question is sustainability. we ve been through this roller coaster. a good month, bad month, two bad months and then a good month. the president is making the cases in the upward revisions to the end of last year give the numbers to support the case that funeral ly finally now on a growth track. it s important for americans wondering what s next in the economy and important for a president because we re in february of an election year. again, i think the interesting thing is, you know, the bureau of labor statistics, the folks that put this data together release a number and some months it s a big number. we get a million ....
Prices are increasing. i see my bill all the time. it s higher, in food costs, but as you mentioned, in gas, you know, if you want to put a deck on your house. people are not actually doing remodeling jobs and things they might do because the cost is so high. pete: i haven t been there, but i don t think with prices are listed at the white house mess. so you probably don t know what your meal is costing you. someone made that graphic, by the way, that said 16 cents on your hot dog as everyone else in america is experiencing the type of inflation that we haven t seen for the quite some time. here s the basic cost of goods comparison from 2020 to now. rachel, you hit on some of these things. used cars, almost 30%. transportation up 11. clothes, 5%. food, 2%. rachel: gas, 40%. pete: here it is, average for ....