joining us now is kevin daly. always a pleasure.nths ago, will looking at a rate hike toward the end of 2014 at three months later, the second half, what is going on? >> it would be a huge surprise if there was any policy change. yet, three months ago, people considered it certainty there would be a policy change by the end of this year. expectation far have shifted in the space of three months. we, on the whole, have been dovish than the market consistently in recent years. q1are still holding on to 2015 hike. we think that risk has shifted toward the later mode. the market is pricing in toward the second half of next year. we think that the shifted too far. >> inflation report next week, i was saying i think it tells more about what is happening in the world. house prices. the obsession next order is wages. europeang to guess slowdown. what really matters right now for setting rates? >> you are absolutely right. satan will be the big day. -- and next wednesday will be that big day. , really theey said big thing driving them is the

daly city. maybe where you are as well. foggy morning for some. not for everybody. hazy skies. had a nice foggy picture from kevineteorology class. sunny and warmer weekend for you. hazy skies. settled in after we had last weekend's rain. remember last week's rain. that's long gone. everybody riding up to the north. ridge of high pressure looks like it's going to re-- reload and increase. 40s and 50s on the temperatures. some are in the upper 50s. sfo is already 59. san jose, 53. pittsburg, brentwood, 57. >> 56. aim law mow is 50. san ramon 48. sunshine and everything points towards this fog getting chewed up. but today it's there. some of it very, very thick. cooler by the coast. a couple of degrees. even though water temps are near 60s. that's not changed. 60s for some. 70s for others. morgan hill, san jose, a lot of fog reports there. hayward, 880 corridor. >> got a lot of tweets about it. you are absolutely right. people don't like uncertainty. driving to work you might run into poor visibility. let's take a look at what we have with 880, the fog has lifted here in oakland. it's not too bad but it keeps movin