Beth Hammack

There'll be a lot of new variables coming to play.

We have the recent...

fiscal bill that was passed over the summer.

There'll be some positive boost, I think, happening in the economy coming from that.

And it'll be important to see how the tariff story plays out.

We'll be nearly a year on by the time we get to March.

And so I think by springtime, if it really is a one-time price level shift,

we should start seeing inflation coming back down again around that time towards the end of the first quarter.

So I think it'll be pretty soon that we'll be able to see more how the economy is unfolding.

And it'll give us good insights as to whether we need to lean in more to that labor side because that softening is continuing or whether inflation is really being persistent above our target.

And that's where we need to focus more.