 I think may cut this year. They really, really, really want to cut. I think in the end they'll back off of September because they realize that there's really no difference between cutting in September and November. Why cut on the eve of the election, which will look very political and have a lot of backlash? I think they end up waiting until November or most likely December. But the market right now is pricing in three cuts. Remember at the beginning of the year they had five cuts and they had to back off of that and the Fed had to push back.