And let me welcome you to closing bell. I'm Scott Wopner live today in San Francisco.

That was the Fed share of course following what many described as a hawkish

pause by the central bank. No increase in rates but the outlook which the markets

were waiting for shows holding them higher and more restrictive and keeping them longer there than perhaps anticipated and with that fewer cuts than the market has priced in for next year as well perhaps because they also raise

their economic outlook for next year which chair pal talked about he said quote

the economy remains robust GDP growth higher than expected labor market he says still tight but coming more into

balance he also said this was interesting at least five times perhaps even more

than that that they will quote proceed carefully but would raise rates again if necessary

he said based on the outlook it was quote more likely than not that they'll raise at one of the

two remaining meetings also wouldn't call a soft landing a baseline scenario but that it was still possible he did call it the primary

objective

Joining me now to discuss all of this and what happens in the markets now is a cn't be see exclusive interview it's a double lines Jeffrey Gunlock with us as always

as he always is on fed day

Jeffrey welcome it's good to talk to you today

nice to be back again Scott

yep what's your big press conference today?

Yeah, yeah, sure was.

What did you take away from it?

You nailed it with your intro.

That's what I was going to say.

The word of the day is carefully. He has set it two or three times in his prepared

statement and he said it many, many times in the Q&A. I think there was something in there

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