Nick Timiraos

So once the Fed starts cutting, they need to see a reason to not cut.

And certainly the markets are expecting another rate cut in December.

So if that's not how the Fed sees it,

then Wednesday's press conference and the likely avalanche of Fed speak next week and after this meeting, that's where you would hear that the Fed just doesn't share the market's view right now about the need to keep cutting interest rates.

Thanks for having me.