kriti: stick with us i will bring in andrew patterson vanguard senior economist. our view what has changed in that one hour with cpi? andrew: we agree with david that there may be a market overreaction to the cpi report. what the fed would like to do today is push back on the e-zine financial conditions -- the easier financial conditions because they do not want to be in a situation where the financial conditions are slowing the pace of disinflation. kriti: the number really catches my attention. we will get a summary of economic projections. david, what is the game changer in these productions? david: we probably won't see any big surprises. the fed has been telling us from october that they plan to pay her the slowing pace of rate hikes with a higher peak rate. i think it is a close call between raising the 2023 rate hike 25 versus 50 basis points. that is the main event we knew was coming for a long time. as andrew said, the purpose of hearing those things is to prevent easing financial conditions. it obviously has not worked out exactly the way they plan becaus