kriti: joining us now for more perspective is marilyn watson at blackrock. a pleasure to have you on the show. we are looking at a 71% probability of 50 in march. what do you make of it? >> what we have seen from chair powell is that he was crystal clear that the door is open to potentially higher step ups than the markets were anticipating. also they could raise rates higher for longer. given the strong data we have seen this year, whether it is the pce deflator, inflation data, very strong labor market, then i think chair powell has just reiterated that it's really important that they are still focused on inflation, getting inflation down. he was sort of hawkish, but at the same time, did not commit to any size. it could be 25 or 50 at the next meeting, but i think it is a live meeting. i think that that is currently very data dependent. as mike said, a lot of data coming out between now and march 22. jobs data today, other data, more labor market data coming out on friday. i think there are a huge number of important information points that the fed will b