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This is Motley for money.

It's Motley for money radio show. I'm Dylan Lewis joining me in studio Motley for

senior analysts Emily Flipp and Matt Argusinger. Great to have you both here.

Hey Dylan. Hey Dylan. We've got some deals under regulatory scrutiny that

dots connecting regional banks and real estate and of course stocks on our radar but we are kicking off

as we often seem to these days looking at the big macro. This week Fed Chair Jerome Powell indicated

while the Fed decided to keep rates flat. Recently quote, there's a little further to go with rates.

Matt, I think most people watching this thought this was likely but we're seeing confirmation rates

probably gone up in the future. I think that is the case Dylan and you said you know further to go.

I think the actual quote was a long way to go when it comes to the process of getting inflation

back to 2% which is that stupper number that the Fed is going after and it's going to take a while but

what's interesting is if you look at what the Fed has done and what the Fed is saying what Jerome

Powell is saying this is not just a US story right now. You've got the bank of England that

raised rates surprisingly by 50 basis points most were expecting 25 basis points. The Swiss

National Bank raised 25 basis points. The European Central Bank last week raised 25 basis points.

The Reserve Bank of Australia raised rates earlier in the month but also by 25 basis points and

just for those keeping score at home. Turkey's central bank doubled interest rates to 15% of course

they're dealing with a bit of a hyperinflation problem in that country it's pretty sad but the point

is one of the big premises I think of the stock market rally and the enthusiasm we've had in the

market so far and certainly in the spring is that the Fed was close to being done. In fact they were

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