The Fed MONDERS Broad Range of Indicators on Financial Conditions

Tiffany Wilding of PIMCO came out and said that regardless of whether they go 25 basis points or nothing, this is probably going to be the end of the rate hiking cycle. I think what he would likely say to a question like that is the Fed MONDERS broad range of indicators on financial conditions. The real question is when does that start to show up in the data and on their radar screen? So what do you think he'll say if he's asked today, whether the reach and instability is disinflationary? Do you think he will address that straight on?