. >>> christina hooper is here with us now for more on the fed, the economy, and the stock market. she's the global strategist at invesco. welcome, christina, good to see you. >> great to see you. >> we'll start with the fed and work our way through the economy. this is pretty much, as i recall, what you were forecasting, correct? >> that's correct. we expected a rate hike. we also expected that we would get more information on balance sheet normalization, which is really the 800-pound gorilla. >> that's what the fed has on its balance sheet that it's trying to put back into the market, right? >> sure. we saw this historic increase in the fed's balance sheet through what was called qe-1, qe-2, and qe-3. there was always this question mark about how exactly will the fed get back to normal. we're starting to get some pretty significant details on that plan. >> had an abowhat about the eco? as i mentioned in my introduction to bob pisani's piece, the fed watches inflation closely, and the economy and economic stats very closely. we got two reports today that were certainly less than wh