 No, they won't cut rates before the election. It would be preposterous for them to do it. But the point is that I think that the higher for longer strategy seems like it's working pretty well, that inflation is headed down, projecting in the right direction. And the Fed, I think, you and I talked about this on TV, and I said the only way the Fed cuts rates this year is if they take it over by Democrats. And thank goodness they didn't, right? They were data-dependent.