Mike McKee

It's all about as plain vanilla as you can get, which shifts the focus, of course, to Chairman Powell's news conference at the bottom of the hour.

What does he say about the future of interest rates?

And what does he say about his future as a member of the Fed?

Stay tuned.

We're a whole lot happier than we were yesterday, or when the last time they took their survey.

56.4 up from 54.

So a significant increase in sentiment.

Current conditions rise to 55.4 from 52.4 and expectations to 57 from 55.

So across the whole expectations curve, we see an improvement.

We're a whole lot happier than we were yesterday or when the last time they took their survey.

56.4 up from 54.

So a significant increase in sentiment.

Current conditions rise to 55.4 from 52.4 and expectations to 57 from 55.

So across the whole expectations curve, we see an improvement.

And we see an improvement in the inflation outlook.

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

So some good news there.

And we see an improvement in the inflation outlook.

The one year now down to four percent from four point two percent and the five to ten at three point three down from three point four.

So some good news there.