. >> katerina bloomberg news. you know, last month you talked about a future rate cut as being pretty, you know, significantly predicated on more progress in inflation, with the characterization of the labor market and the statement today, would you say that that's even more so the case now? >> i'd say it's the same. you know, we want to see, you know, further progress on inflation. and you know, the story there, it's-- we're just going to have to see the data. at the end of the day, it comes down to 12-month inflation because that takes out the seasonality issue that may exist and you know, we're just going to need to see that. we think that-- we think we see the pathway to that and the key example, you do now see the owner's equivalent rent and housing services the way it's character lated for pce, it's coming down pretty steadily now and that's the place where the most remaining gap it. a big part of the overrun, you know what's from nonmarket services and don't tend to send much signal. you can look through th