Kitty grayfelt: The current regime of fed policy, we know that they want to let inflation run hot for a while. Even if you look at what's priced into markets raight now, the terminal rate is priced in at one point, seven, five %. That's a pretty shallow hiking cycle that's priced in. It's far, far cry from 20%. So what's at stake here for the folks you talk to on wall street, about the ones who are going to make or break their careers?

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