let's go to john sylvia, wells fargo chief economist.o see you. >> good to see you, susan. >> they're not going to do anything today or this week, but possibly in the next several months? >> i think you got it right. a trajectory of the federal funds rate that is going to set the tone for the marketplace. will the fed adjust downward again. its trajectory over the next year or two or will it leave it alone? at this point, yeah, it's probably 50/50 because it may be too early for the fed to play their hand. but my suspicion is, going forwards, over the rest of this year, they will lower the projected funds rate. the trajectory is too aggressive, given the inflation numbers that we see. >> john, we're just looking at the u.s. yield, of course, a ten-year tickup, close to 2%. yields have been rising over the last few weeks. is that not down through expectations of a possible rate hike this week or soon after? >> yeah, i think it does signal that there will be rate hikes but once again, 2% treasuries this year, 2.25, whatever, is going to be