 Hey, Kai. Hey, Kai. Gina, let me begin with you. We will start with the data. The Fed's favorite measure of inflation, which everybody listening to this program knows, is the Personal Consumption Expenditures Price Index, PCE for short, came in. I think the word I saw one of your sources in the paper today use was mild, 2.6 percent year on year. Thus, perhaps maybe this spring was just a bump in a bumpy road. What do you think?