sonali: bruce richardson is ceo of marathon asset management and watches all markets closely in and out of them every day. when you think about the idea interest rates could stay higher for longer, the reality now is that even a summer rate cut is at the flip of a coin, really. how do you think through the uncertainty and how it impacts the way you are investing? bruce to: fed meets next week and sunday is march madness. the march madness next wednesday will be real. we will be looking at the mean, the median, where the dots are, what the fed does, talking about the bump. is the bump really a bump? bump up means it is coming back down and right now for the last couple months looks like it is just smoothed out and plateauing, now moving sideways at the three point 5% cpi, 3% ppi. what the fed move come june? you are right. i think it is 50-50. the higher for longer israel. brian is right. i think your implication of the question you ask it is right. i think it will be higher for longer and will have a major impact on a bunch of different cohorts in the marketplace. sonali: that's talk ab