What did the CPI report tell us about inflation?

Mike Armstrong and Marc Fandetti react to the CPI report that came in higher than expected. The guys discuss how they believe the Fed will respond to this data. Automakers are sharing consumers' driving habits with insurance companies. Is this soon to be the norm? Biden's budget proposal expects inflation to be stubborn. A study finds that 47% of parents are still financially supporting adult children. China's exports are surging and many are expecting a global backlash.