let's get back to our fed roundtable to the chief economist of alternative investments at kpmg and the eaton vance vice president and the manager of the eaton vance bond fund also with us, mia saini. easing, no surprise it was supposed to come to an end. --k to me first language talk to me first about the language. considerable time low rate pledge. >> and little bit. maybe it was a compromise. we don't have the hawkish dissenters dissenting this time. it is interesting that has remained and yet we don't have those packages center -- those hawkish dissenters. we saw some nervousness in the equity markets last week, very low interest rates in the u.s. and a lot of that has to do with the international situation, which has gotten worse and continues to deteriorate, i should say. i think the fed is somewhat concerned about the impact, even though they haven't said so explicitly. the other thing is what is happening with the labor market and the concern that there is still very uneven results even though we have very low unemployment rate. >> talk to me about that nuanced language. were yo

also joining me this afternoon in new york will be the chief economist of alternative investments at kpmggaffney and lead manager.of the bond fund also standing by with the wall aini,t reaction is mia s what is the street expecting to hear from the fed? >> >> the traders i have been speaking to, many say they are waiting. three big benchmarks -- the dow, s&p, and the nasdaq, flat session for the past two hours. you didn't see the s&p and the debt -- you did see the s&p and the dow toggle between gains and losses. now we are pretty much waiting. minimizing some of the earlier losses as they are waiting for the fed to continue the same, more of the same. many analysts are saying that there is no conviction in the market. the expectation is that tapering will and but with the markets will be looking for, what market participants will be looking for, include forward guidance and specifically the language. more reportedly, what is going to be taken out, if anything will be taken out. recall that considerable time was afraid that many analysts and traders reacted quite dramatically to and it wi