reserve hiking rates after this weekend and probably after that. and here is a capitalist market strategies, and steve moore, svengali, and katherine, you first, people like ken fisher, and like fisher, moynihan and others are saying we re going to have some bumps, but it s not going to be nearly as bad. what do you say? well, inflation has to come down, unfortunately, the fed held rates too low too long and we re dealing with the aftermath of that. remember, inflationary pressures aren t just supply side. it s not all putin s fault, it s not supply chain distortion s fault. we have a labor market that s overheated. for the fed to get back to 2%, the employment rate cannot remain where it is, 3.7%, that s very close to historic lows, even the fed sees unemployment rising to 4.4.