The Fed Is Expecting to Rake Its QA for the 11th Time Since March 2022 to Its Highest Point in 22 Years

The Fed is expected to raise its QA for the 11th time since March 2022. So I'm wondering, can you talk us very briefly about what that means for the fund in terms of perhaps private real estate lending? Absolutely. We've strategically been keeping our leverage on the low side as interest rates continued to rise last year into this year. As lending became more lucrative, we started lending more.