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Go to Bloomberg.com to Get Context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

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Bloomberg. Our top story in the last 24 hours, we've had 24 hours of Fed speak

and very little sign, if any at all, that the Fed is ready to make a move.

The Richmond Fed president saying,

there's not a strong case to push rates higher when inflation is under control

There's not a strong case to move lower when growth remains healthy here in New York to discuss Troy Gaieski, Skybridge Capital Co-Chief Investment Officer.

Good morning to Troy.

What do you make of that? 24 hours of Fed speak and nothing really to validate market pricing your thoughts? Yeah, well, look, I think it just goes back to the fact that they're very data dependent now and

we keep looking at the data and you know strip out trade conflict for now the

consumer is in exceptional shape, business

fixed investments, but on a nice little trend line.

Even though inflation softened and obviously the labor market can't create 2.7 million jobs or on pace

for 2.4, there's really no reason to cut in the short term.

On the flip side, however, is if you look at how low inflation remains, right, there's certainly

no reason to hike. So having that view of hey we're going to see

how the data comes in and it's unclear which direction we're going to go we think is very

healthy for markets and it continues to confuse us why markets are pricing in a more aggressive

...