colinome final thoughts, robertson, jeffrey rosenberg, and craig bishop.you looking for next week? >> what we're looking for is the fed to chase the dots. the bold move would be to go to zero, no rate hikes at all. that could be supported by the strong dovish pivot across the board, even from more hawkish members. but given their bent to stay gradualist, they will go to one, but certainly they will ratchet lower the hikes. not moreant if important clarification on their plan for the balance sheet. they have signaled they will stay larger than initially projected, and when do they and the shrinking process? sooner rather than later is our bed, but i think that will be just as important as any rate decision. >> i think craig has hit the highlights. it's in the market price that the dots will move to zero or one, is where markets are. is anythingng issue that comes out the moves the markets is going to be more information on the balance sheet , markets don't expect details on five, composition, maturity. if we get that, it will be surprising. the other thing,

jonathan: i want to bring craig bishop into this. your thoughts, please. craig: it is great. if you ask what it will take for that, it will be something not necessarily domestically. i think the fed is focused on what is going on globally. the u.s. economy is ticking along. it is certainly showing some signs of stress. it is late cycle, not end of cycle. but really i think the fed is almost more focused on what is going on globally. if there is a thing that could tip them to ease this year, it could be something not outside of the u.s. on the global front. jonathan: craig, how would you push that view, the one you have outlined, through the treasury market this year? craig: we like being long-duration here. our view is yields, upside to this market or yield at this point is capped. at most we are in a 252 to 80 0-280 trading range on the 10 year. we would actually be willing to -- we have been advocating for clients to add to duration portfolios here rather than stay bundled up or huddled up in the short end of the yield curve. we think rates go lower from here, so we like du

joining me, the fixed income head, a senior portfolio manager from blackrock, and from minneapolis, craig bishopm u.s. fixed income strategies at rbc wealth management. let's start with craig, this goldilocks theme many people have become increasingly comfortable with. is it an argument that resonates with you? >> goldilocks is used a lot. i would like to maybe move on to something else. let's talk about a soft landing, the fact we believe the fed is done. the tightening cycle is over, and looking ahead, where we are now is a period similar to the late 1990's where the yield curve stayed flat for years. it did eventually invert and the recession happened. it was not an imminent event. rather than goldilocks, i would say we are in an environment where the economic growth is going to remain slow but steady. not tip into recession imminently, and the fed will stay on the sidelines permanently. jonathan: what do you think, jeff? jeff: it is remarkable how little the economy and the outlook for the economy between say, october and today has changed. what has changed is the fed's narrative. and the fe