David Gurra

And as Martha pointed out at the top, you know, real disposable income has really been drifting lower.

And as Martha pointed out at the top, you know, real disposable income has really been drifting lower.

Saw that in the numbers that we got today as well.

Saw that in the numbers that we got today as well.

Look, we're at this really kind of critical and interesting moment where Jay Powell has two meetings left.

Look, we're at this really kind of critical and interesting moment where Jay Powell has two meetings left.

There is this heir apparent nominee to be the next Fed chair.

There is this heir apparent nominee to be the next Fed chair.

We're sort of waiting for that transition and leadership to see what happens here.

We're sort of waiting for that transition and leadership to see what happens here.

But I'm going to keep talking about the fog that we're in right now.

But I'm going to keep talking about the fog that we're in right now.

I think that from a policy perspective, we're kind of fumbling through this.

I think that from a policy perspective, we're kind of fumbling through this.

And, you know, I think there isn't really still a clear answer of what the Fed's approach is going to be here in the months ahead.

And, you know, I think there isn't really still a clear answer of what the Fed's approach is going to be here in the months ahead.

Yeah.

Yeah.

So here's here's five words or fewer.

So here's here's five words or fewer.