. >>> caesars lower after missing the top and bottom line, and skyworks dropping on light guidance. >>> stocks dropped today comes ahead of tomorrow's big fed decision. thebank not expected to make a move, but our next guest thinks we will get two cuts next year. two is in your forecast? >> i think that's right, melissa, but it's interesting, the inflation data simply has to turn. if they don't, zero is the number. if they do, could be three, could be more, but it's almost a -- there's not a happy middle ground. >> is hike going to be anywhere on the table? >> oh. it's a pretty high bar for a hike. talk to a lot of clients over the last few weeks and a lot of people are saying, you know, maybe a hard landing is a lot more likely than we thought a month ago, but a hike, that seems like a real stretch, so i suspect that will be put off quite a bit. >> at what point, i mean, how many sets of data, how many months of data do we need to see where an inflationary trend is established, as opposed to the inflation coming down as we've seen, i mean, it was how many months to establish that tre