Phil, Mike, and Larry discuss the stickiness of inflation after the producer price index for January, a measurement of wholesale prices, came in stronger than expected. This was right after the consumer price index was also higher than Wall Street estimated. What do these two reports mean for rate cuts this year? They then talk about regulators giving greater scrutiny to the portfolios of commercial real estate loans that are currently held by banks and lenders, and whether this could have a big effect on the economy.

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