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The Bar for Cutting Is High
I don't think they'll cut until we're at within spitting distance of two and a half on the CPI. And in my outlook that's probably right around the election day. So again, because they don't want to get involved in that kind of debate discussion. I'm not sure though that they've abandoned 2% as the ultimate goal. Yeah. That's so ingrained now that it gets. But they come more relaxed about it. Do we have to actually get there by mid 2024? No, no, I don't think so. But again, it's the path, right? If we're having a three and it's we're at three and we're gingerly getting