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The New York State Republican Party held a fancy gala last night (featuring chocolate elephants) and three presidential contenders showed up to make their case to the Big Apple’s big timers. With Tuesday’s primary rapidly approaching, it was an opportunity for John Kasich and Ted Cruz to try to make up ground with a state establishment that, for the most part, is loyal to Donald Trump.

Reporters at the event, however, were more amused that the crowd shunned Ted Cruz:

As NBC News embed Vaughn Hillyard showed, the crowd just didn’t care about Ted Cruz; he doesn’t embody “New York values” nearly as much as Donald Trump, who spent his speech detailing his list of deals in the city to a far more attentive audience.

Screengrab via Rosie Gray/Twitter

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For a long time, inflation has been the phantom of the American economy: often expected but never seen. But the latest Consumer Price Index, which showed that prices rose by five percent from May of last year to May of this year, raises fears that it is breaking down the front door and taking over the guest room.

The price jump was the biggest one-month increase since 2008. It appears to support the warning of former Treasury Secretary Larry Summers, who wrote in February that President Joe Biden's budget binge could "set off inflationary pressures of a kind we have not seen in a generation." Senate Republican leader Mitch McConnell charged last month that the administration has already produced "raging inflation."

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