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What Are We Worried About Today and What's the Setup Like for 2023?
The Fed has acknowledged, you know, we had a CPI print and inflation print this week that came in lighter than expected. It's now pretty clear, we've had two months in a row where inflation is rolling over. So I suspect in 2023, the consensus belief is that inflation's going to come down. If you go back to that first slide, Goldman Sachs thinks it's going to 3%, Morgan Stanley thinks it'sgoing to 2.5%. That's a better setup than 22 where it was skyrocketing.