Michael McKee

So a lot to watch there.

And it will be a very interesting Wednesday afternoon.

It's going to be an interesting meeting because they're not going to do anything right now.

There's just a three and a half percent chance, according to futures, that they do any kind of rate move.

There's no dot plot.

There's no economic forecast.

Everybody will be looking to Jay Powell for guidance on the future, but what's the first question going to be?

Is it going to be about guidance for the future, or is it going to be about his feud with Donald Trump?

So there's a lot to watch there, and it will be a very interesting Wednesday afternoon.

And we see an improvement in the inflation outlook.

The one year now down to 4 percent from 4.2 percent and the 5 to 10 at 3.3 down from 3.4.

So some good news there.

I think the general feeling is it could reduce credit availability because it's not in the financial interest of the banks to do that.

Okay.

And so it could be a problem for the economy.

I saw a note that some of the banks are considering it.

But really what it is is who's going to get the card?

Is it the people who pay their bills off every month, in which case it doesn't matter?

Right.

But if you're a low-income person, you're not going to get 10%.