 I'm Pat Woodard, and this is Stiefel Investor Insights. Stiefel, where success meets success. Today, I'm joined by Michael O'Keefe, Stiefel's Chief Investment Officer. Michael, another day, another report on inflation. Of course, all these reports that come in have implications for Federal Reserve policy and for interest rates. So let's take a deeper dive on these back-to-back inflation reports.