Michael McKee

Nine to three, was this what you thought would happen?

Matt, your other colleague, Jim Reid, put out a provocative question earlier this morning saying, what if the next Fed move was up?

At what point do you think that the move that the Fed is laying out really sets up that counterfactual in a more real way?

Bob, what do you think?

What do you think it would take for the Fed's next move or a move next year to be a rate hike and not a cut?

Matt, we have about three and a half minutes before the press conference begins.

From your perspective, what's the one question you have for Fed Chair Jay Powell, potentially at the last Fed cut that he oversees?

Matt Lazzetti, thank you, as always, for your time.

And I look forward to hearing what you think after the Fed conference.

This is an important point.

How much is this in some ways forecasting that December 16th jobs report that we should have already had?

It should have been sort of one-two punch where last Friday we got the November jobs report.

They took that data into hand.

And then this meeting, they responded to it.

Bob?

That was a fantastic question, and I hope that he gets asked that as we really look to understand just what kind of clutch the Fed chair holds over this committee.

Bob Michael, as always, thank you so much for being with us for all this time.

Truly, always one of the absolute best right now in markets.

A collective sigh of relief.

It could have been a lot worse.