michael kushner, your thoughts next month. michael: i think it's still off the table.t's obviously possible. i think this number was strong, but it was not as strong as it looked. there have been seasonal adjustment issues, the bls adjustments over the past year. that increased a lot of payroll and employment growth, from earlier 2021. just as we would dismiss too weak a number, we should not dismiss, but not think this changes the game plan too dramatically from before. we're still on track for sequential hikes, but fairly quickly to the 1% level, four hikes, and see how it goes. jonathan: big move on the bond market either way. bank of america say this, and they're in the seven hikes camp. let's be clear about that. the strength of wages could lead to more persistent inflationary pressures that the fed will want to start counteracting. the markets picking up on some of this, kathy. it's not the base case yet, but that the center of gravity leaning in that direction, five, maybe more. you're not there, kathy. why? kathy: the reason i'm not there is that i really want