thank you very much craig and wilbert editor-in-chief emeritus matt winkler, joining us on the tesla file. coming up, the federal reserve is set to release the minutes at the top of the hour which could reveal how many officials consider a 50 basis point rate hike. more details next. this is bloomberg. ♪ if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more. jon: this is bloomberg markets. i am jon erlichman with critiquing tub. time now for two days for what it's worth. 5.25% is where the terminal fed funds rate may peak according to an economists surveyed by bloomberg. seven high inflation has the streets calling for more rate hikes. meanwhile, we will get more insight at the fed minutes at the top of the hour. let's bring in gina martin adams. for more on what the market is going to be watching for, what is y