Is the Fed on a Path to 5%?

The focus is shifting somewhat in markets from this inflationary ongoing upward pressure to perhaps some stabilization, then of course, a shift towards what happens to the economic growth picture. What we will say is unique this time around versus the last 10 years, perhaps the period after the great financial crisis. That whole period was really marked by a growth outperformance growth versus value. This period ahead is unique in the fact that we probably won't head back to the zero-bound.