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Are in the business cycle. It still checks a lot of boxes. It does not change any expectations about economic prospects. The trends will continue. We are now we were before the employment report. Wage growth may be a little slower but it is still right around 3 . We are in an extended period of exceptional mediocrity. We are stuck for the time being. Jonathan joining us on the table is priya misra, George Rusnak and gershon distenfeld. Can we begin with that quote from mike collins. Extended mediocrity. Are we . Is a the labor report lagging indicator. Im struck by the fact it continues to accelerate. If we hang our hat on the consumer, that is the engine of growth. We are in a mediocrity aspect, but if there is no engine of growth, the fed is on hold. We need something here to boost growth. That is not coming from the labor market. We are going to be in this narrow range. We have to stay in that range because this was not enough t ....