Hey Basis Pointers, if you don't watch HBO's Succession, you missed the Zoom firing scene modeled after the infamous Better mortgage Zoom firings. It directly quotes some of those lines.

Today's April CPI inflation looks decent on the headline of 4.9%, but Core at 5.5% is still way above Fed's 2% target. The rent is too damn high at 8.8%, but rents in CPI are on leases signed a year ago, and today's advertised rents are coming down. Here's what that means for Fed strategy at their June 14 meeting.

In AI hype du jour, Zillow and Redfin both launched ChatGPT-powered home search. It's actually killer technology you should check out, but you should also check out how we turned this into Redfin vs. Zillow killer robots destroying each other.  Hilarious satire and real news at once!

And in a real story that sounds like satire, here's an update on the viral $100 AI startup, and whether it's legit.

Finally, people's disapproval of Fed of handling economy is worse than ever. But here's a reminder on how inflation fighters are hated, then loved later on.

Enjoy the day, we've got lots of fintech news coming from the industry's biggest conference Fintech Nexus next couple days.

Julian