jeannaing back over to you. i want to ask you. what actually matters when it comes to the fed after this meeting? is it labor? is it pce? is it gdp reads? ism? does it actually matter and what should markets be e focused on if we want to try to get some insight into the fed thing? >> it's a great question and one of the interests things fed chair powell can answer today. up to this point the fed has been ignoring a lot of the other economic data outside of inflation and saying our mandate is inflation, inflation is coming down. the fact that it's coming down means we don't need to be particularly worried about the fact that gdp growth looks really strong and rates are higher than we we expected and the economic data in general can coming in a lot steamier than we would have thought. now we're in a very different world where the inflation world seems to be flat lining. there are a couple of reasons they're looking to discount that. after three straight months of that we're seeing fed officials get worried about that. in this new wo