jurrien timmer: that really is the debate. an appointment is down to 5.2%. at or near the inflation threshold of the look at -- that they look at. whyhose measures, that is they have been coming out in the public in saying september his life -- is live. oftainly, that is one side the argument. but if you look at the market indicators, inflation expectations, the tips breaking them, don point 1.1%, the well target, thed 2% credits have really jumped on high-yield spreads. i think the spread yesterday was 560 basis points. we have some more market volatility. it depends on whether they're looking at market signals or just the economic data. from a market signals perspective, they have waited this long to lift off, and my guess is that the market is telling than to wait a little bit longer. from my perspective, when the fed listens to the market, they are better off doing so. olivia: interesting. you thinkre of what the consequences are of the widening we are seeing in credits threat? : is part of it is the energy sector. that feeds into the stock market, becau