going into this meeting thinking that the fed was going to do what paul mcculley eloquently described it, maybe a little less eloquent than that. basically we'll see. we'll do a cut and we'll see we'll do another cut and we'll see again. it appears as if the market wants some commitment that the fed is going to do something that it doesn't feel, at least at this point, it needs to do and doesn't have the data to justify. so, if you had asked me a week ago what the fed was going to do today, i would say they were going to cut and we'll see now, the market still is baking in that october rate cut it may well get it sorry, december rate cut third rate cut of the year it may still get it, sarah i think it seems to be way out ahead of where the fed is at any one given moment as to the center of it coming. >> as for what the market does want to see, lori, if we only got this as the last cut of the year and don't get another one, is that bad for u.s. equities? >> it depends with the data going forward. a lot of talk about deep twigs in the fed guess with an, there's a deep division amongst e