for more insight as we look ahead to tomorrow's fed decision, let us bring in katie nixon. wealth management cio at northern trust, it is nice to have you with us. the other piece of context with all of this conversation around central policy is the fact the s&p is down in the neighborhood of 12% this year. the nasdaq is on the doorstep of being down 20% for the year overall. how do you balance the expectation of rising rates and economic impact, versus the fact we have seen quite a selloff so far? katie: would you could say is a lot of the economic impact associated with rising rates has been priced into risk asset markets. the downtrend we have seen in broad u.s. industries has been coupled with high volatility. ateliers view -- that tells you this environment is a front burner issue for investors and inflected in the stock prices. perhaps the market has overdone it a little bit in terms of the true economic impact of higher rates, given the fact -- and you reported on the jobs number, the number of quits and job openings -- this economy can handle rising rates right now.