Rick Rieder

…significant wage growth. So, anyway, one man's opinion, good economy, employment, just okay. You are one man, but you are one man we respect and happens to be incredibly brilliant. So, your thoughts matter a lot, Rick. Okay. So, you don't see any reason to hike based on this data, but it is at least data that should allow the Fed to hold. Or do you go so far as to say with this data in hand, there is room for the Fed to be contemplating cuts this year? I mean, you know, I don't think, you know, contemplating cuts, you know, at the beginning of the, or the next meeting or two, I think would be, would certainly be enthusiastic to say the least. Listen, I think you got to wait to the back end of the year or to the very back end, back part of the year. But I don't think they're off the table for the back part of the year. I mean, I think, I think Chair Walsh said yesterday, you know, you are saying, by the way, look at oil now under 70, you are seeing some improvement in energy costs. You know, when you break down inflation and you look at what is the component part of parts of inflation today, core goods is running at pretty close to zero, three months, six month moving average, pretty close to zero. You still have service level inflation, which no doubt is too high. But if you strip out shelter, and I would argue, you know, if we got mortgage rates down in the country, you'd improve shelter inflation, you know, you're running it depending on three months, six months, two and a half to three ish, a little over three. So anyway, I just think you have time. And I think, Chair Walsh, and I, by the way, I have a huge applause for…From: this video · 1 claim mined from it