Welcome to closing bell I'm Mike Santoli and for Scott Wopner here at post nine at the New York stock exchange

This make-or-break hour begins with stocks apprehensive less than 24 hours before a fed decision as Wall Street

debates whether the consumer and the broader economy can handle what the bond and energy markets are throwing at them.

The major index is up from midday lows as energy industrial bank stocks struggle just a little bit you see the

dow down half a percent the S&P down about one third of a percent the two-year

Treasury yield making a fresh high for this cycle actually I think five

5.1 goes back to around 2007, perhaps.

And Instacart shares are popping on its first day of trade,

but many on Wall Street already looking ahead

to the next IPO set to price in overtime tonight. We will have those details

coming up. But first our talk of the tape. Just how resilient is this economy and

what's at stake when the Fed updates its policy outlook tomorrow afternoon.

Here to help answer that, Dan Greenhouse Chief Strategist and Economist at Solis

Alternative Asset Management. Dan, good to see you.

Thank you, sir.

You think that's the right question in terms of what's at stake with the Fed right here? A lot of agreement on exactly what the decision's going to be, but the tone, the outlook, and whether they can build in expectations of a soft landing that we can believe.

Yeah, I don't think there's a tremendous amount riding on this meeting.

I mean, we know they're not going to raise interest rates. They pretty well telegraph that.

I think the most interesting thing of what's going to happen tomorrow is their

projections for next year. They basically forecast a hundred basis points of

rape cuts next year. Do they ramp that up in an endorsement of the soft landing

scenario or do they scale that

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