katie: joining us discuss is matt hornbach, maureen o'connor and ashok bhatia.reat to have you with us. matt, relative to what we heard on wednesday from jerome powell, did this morning's pay will print move the needle at all? matt: i don't think so. it was a good report but it also did show there is some deceleration happening in the labor market. it may not be as sharp as the fed would like it to be but it is moving in the right direction. the three-month average did move lower. this is consistent with the tightening of monetary policy having a lag defect. -- lagged affect. katie: did this change all that much if you are jerome powell? ashok: he was clear at the end of his press conference, the messages he wanted the market to take. the hiking cycle is not done. the fed is not thinking about easing. inflation remains mission number one. it was a decent payroll number. there is a deceleration in jobs. wages, it seems like we are losing the upward steam theree. for the bond market the next inflation print and the fed will get another one in december, those are b