so Steve you do know these things that
is one data point but encouraging yeah
it's actually two data points the bose
our prices and the unemployment arisia
they're they're encouraging sense of
positive economic growth they obviously
put lean the other way with respect to
the fed and so this is the this is the
conundrum and the tension that's going
on right now is your take I mean at this
point when you get when you see these
numbers how closely do you follow them
and for you and the way you invest does
it matter when we're gonna get a hike I
follow them quite closely as because
they do they do inform us as to lots of
other things personally I don't think
the Fed should be raising rates anytime
in the foreseeable future I don't see
the case for it particularly but in
terms of kind of efferent equity
investor the kinds of long-term
investing we do know whether the Fed
raises in October december january is it
going to change our lives all right i
want to turn to DC where our colleague
genus mylec from bloomberg economics and
a federal reserve reporter is joining us
what do you make here you know i think
that the really important number out
this morning is that inflation point
it's the last inflation major inflation
point that we're going to get before the
Fed meets in October um and at this
point in time as the Fed looks to see if
it's dual mandate is satisfied they're
pretty feeling pretty good about the
employment side so i think it's those
price pressures that they're really
still waiting to see pick up toward
their two percent goal in wage growth of
course right we keep looking for for
wage growth which we have been able to
see despite the fact that people are
saying we're close to full employment
yeah yeah absolutely and I think the
wage growth and the inflation numbers
are to some degree related you know it's
really debated how much wage growth
leads inflation or vice versa but I
think that if they saw either wage
pressures or a little bit of inflation
it make them feel a lot better that
their goals can be satisfied thank you
very much Gina so go ahead Stevie one
way in well I agree with that I think
wage pressure is probably the key
indicator we need some increased wages
wages haven't risen after your just for
inflation in quite a long time so those
who think wage pressure would actually
be a good thing but that will be the
thing that probably gets the Fed to move
one it occurs but if you look at the
futures I looked in this morning I think
actually you have to get it out to April
before you get about fifty percent
likelihood of a
and that's a very recent development as
you know that's exactly the back moving
a week or two I think people were taking
yelling at her word that it was going to
happen this year and then you had little
Brainerd and Tarullo coming out on the
other side but you also had on your show
people like very stern look there's a
very sort of centrist balance guys
saying let's just get it over with raise
rates and let's just get on with it so
it's it's going to be a really
interesting discussion be fun to be a
fly on the wall what does it mean to
Janet Yellen in her position that there
are so many other fed governors out
there so publicly on the other side well
they're there too so far right and and
if you go back to the last meeting when
the when all the governor's put their
little dots on the chart in terms of
where they thought things were going I
think it was 13 out of 17 thought we
would raise by the end of the year so
for that didn't maybe that number is
bigger now uh you know Janet Yellen is a
consensus person I think she's going to
listen to her fellow FOMC members and
try to build a consensus and there may
be some dissenters one way or another
but I don't think she'll be one of them
I think she will be part of a majority
and probably a substantial majority but
you know everybody assumes that Janet
Yellen knows right now what she's going
to do in December December's a long way
from now we're going to get a lot more
data we're going to know a fair amount
more and then you deal with the facts
that are in front of you and you make a
decision and in fairness actually if you
look at what to rule actually said he
was very careful and saying based on the
data as it is right right now exactly
but we've got a long way just as you
just said long way between here in
December and things could develop so he
did not say no right exactly