jonathan: joining us is henry and coming to us from boston is lori, great to have you with me, and i nt to begin with you, henry. what happened to the low rates guide the president nominated? henry: it is a change in narrative and we have to get used to that. bear in mind that markets are leaning that way a little bit and is a acknowledgment -- the storyline and narrative is changing and is going to take a while for the market to adjust to that and move to a higher rate, higher inflation regime. i think ever person more inclined to speak as a money manager and the potential of a fourth hike doesn't signal in action, it signals a skew. jonathan: the upside looks like four. lori, is that your rate of things at the moment? did we opened the door for four rate hikes in 2018? there is a balance, stronger growth but a lot of fears on inflation and it is inflation the fed will be watching to see. we don't think that is going to happen. jonathan: the trade at the moment on the 2-year note in the united states? henry: remember when the 2-year mostwas trading -- was the vulnerable part of the c

jonathan: joining us is henry peabody, and coming to us from boston is lori, great to have you with meand i want to begin with you, henry. what happened to the low rates guide the president nominated? henry: it is a change in narrative and we have to get used to that. they're in mind, what we had was an acknowledgment of the data coming into the meeting. i think the market was already leaning that way a little bit. it is an acknowledgment. but the storyline and narrative is changing and is going to take a while for the market to adjust to that and move to a higher rate, higher inflation regime. matt: i think ever person more inclined to speak as a money manager then an academic and the potential of a fourth hike doesn't signal in action, it signals a skew. it could be three or four. jonathan: the upside looks like four. the chart of the week, we bake in three lori, is that your rate of things at the moment? did we open the door for four rate hikes in 2018? bei: argue is there will three hikes. there is a balance, stronger growth but a lot of fears on inflation and it is inflation the f

jonathan: joining us is henry peabody, and coming to us from boston is lori, great to have you with me, and i want to begin with you, henry. what happened to the low rates guide the president nominated? him and i did not get a sense of that this week. henry: it is a change in narrative and we have to get used to that. bear in mind we had and it knowledge meant of data coming into the meeting. markets are leaning that way a little bit and is a storyline and narrative is will changing and is going to take a while for the market to adjust to that and move to a higher rate, higher inflation regime. matt: i think ever person more -- i think you have a person more inclined to speak as a money manager and the potential will and of a fourth hike a doesn't signal you and an action that is pending in our opinion. it signals a skew. jonathan: the upside looks like four. if you look at the chart of the week, we bake in three for the year and the potential for four hikes this year. lori, is it your read of things at the moment? did we opened the door for four rate hikes in 2018? lori: there is a ba