Is It a Cold Water in the Face?

Even the dovish, most dovish a member of the fed, i is expecting too that it's a bit of a cold water in the face to some degree. The fet is reacting, and you're seeing break evens an your seeing inflation expectations come down. There was a lot of talk about stakflation, two, three, four months ago. Well, y u have to take stak flation off the table, cause the fet is fighting inflation. February first is chinese kicks off, chinese new years. That's when goods start to slow into the us. And we may be hitting peak pricing and again, peak margins, which would put pressure downward