 Expectation is that services inflation will not move down quickly so well have to raise rates higherNon-housing related services inflation will take a substantial period to get down4.7 unemployment would still be a strong labor marketAppropriate thing to do is slow pace of hikes, will allow us to feel our way but wont say whether 50 bps or 25 bpsNeed to see non-housing services sector get into better balanceIts now not so important ho... 