katie: joining us now is matthew diczok and blake gwinn. is this a new world? matthew: yes, the fed has a communication platform that is correct. as opposed to what they were telling us the last two years and they were behind the curve trying to communicate to the market then get behind that ahead of themselves. they have done a great job now getting in front of the market and talking hawkish to the market to get the market to do work for then. chair bernanke he had a great quit. he said central banking is 98% talk. the fed is doing a good job now talking the right way trying to convince the market there is another hike and more importantly that rates are likely to stay higher for longer. the market is internalizing that message. the market is not concerned about another fed rate hikes this cycle. it only has about one third chance the fed will hike either in november, december, or january. if you look at the fed funds huge -- futures curve longer-term over the next 10 years the market is estimating the fed funds rates will be 4.5%. so, the fed is doing a good j