00:00Do you think this market's now baking in one more rate hike, I guess, for the year?
00:04Yeah, I think that because of the timing of the midterms, October is a tough one.
00:10And certainly unless there's a really atrocious inflation report, October is likely to be a hold,
00:14which takes you to December. So that's your second hike. And the question mark after that
00:19is in 2027, what happens? You can see there's a number of forecasts out there who suggest
00:23no change at all next year, potentially even some cuts. Certainly from our side,
00:28because we're anticipating inflation to start actually coming down over the next couple of
00:32months and then a really big drop in February. So you see some of the seasonality factors falling
00:36off. We actually think we're going to see one more in December and then likely to be that's it.
00:42Well, if you heard.
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