let's bring in gabriela santos. what does that mean? the inaction is action or action is in the inaction? >> there's still an active decision that was made today to pause the rate-cutting cycle and the hold rates steady. and i think part of it was communicated as the summer if jobs freakout had passed, the data's resilient. but i think it was also alluded at the december fomc meeting and the minutes that were released that there was also much more concern about upside risk to inflation related to policy developments out of d.c. and specifically tariffs. charles: okay. i'm going to ask you about that in a second. recently i saw some survey, they come out every day, that showed 40% of the respondents thought there could be a rate hike before the end of the year, right? we're starting to see this sort of news out here. rate hikes are back on the table. we're from an investing point of view, wall street point of view, could wall street settle into a comfort zone where as long as the fed doesn't hike rates, they're okay in. >> i think for no