What do you think about the FOMC minutes? We do not know what the next rate hike is going to be but we do know there will be one. Yes I think it is a 50-50; whether it will be 50 basis points or 75 basis points but clearly not only is the next rate hike coming but I believe there are three rate hikes coming between now and year end. So, unless the data turns sharply lower, they will keep going. They may not go at as fast a pace for the rest of the year. They may go for a 50 bps hike, they may go for 25 bps hike over the next few meetings but there are multiple rate hikes coming. I do not think the Fed is prepared to declare victory just because inflation came down from 9.1% to 8.5%. They realise that the employment numbers continue to be very strong and therefore the inflationary forces are at work other than the finished goods where some supply chain de- bottlenecks, some fall in demand are helping. But there are other elements which are a little more stubborn and it is way too early to start declaring victory.