RUSH TRANSCRIPT That katarina ░░░░░░░░ joins us right now ░░░░░░░░ is senior vice president ░░░░░░░░ wealth adviser over at ░░░░░░░░ Stanley and catarina Plot ░░░░░░░░ I know it s ░░░░░░░░ supposed to be a ░░░░░░░░ but these are essentially ░░░░░░░░ Fed participants own individual ░░░░░░░░ and they call for ░░░░░░░░ cuts next year If ░░░░░░░░ get another hike Rates ░░░░░░░░ going to stay this ░░░░░░░░ for years and everybody ░░░░░░░░ to know that unless ░░░░░░░░ breaks they re not ░░░░░░░░ to cut What do ░░░░░░░░ think On the show ░░░░░░░░ know it s a ░░░░░░░░ time and you re ░░░░░░░░ It hasn t really ░░░░░░░░ anything year We see ░░░░░░░░ coming down and you ░░░░░░░░ that means that the ░░░░░░░░ is nearing the rate ░░░░░░░░ ain t or that ░░░░░░░░ t actually mean that ░░░░░░░░ justifies the the reasons ░░░░░░░░ we have seen and ░░░░░░░░ growth that we have ░░░░░░░░ earlier this year and ░░░░░░░░ they re are going ░░░░░░░░ continue really depends on ░░░░░░░░ data by investors seems ░░░░░░░░ be a little bit ░░░░░░░░ of the messaging because ░░░░░░░░ took that such a ░░░░░░░░ time to react to ░░░░░░░░ inflation and that transitory ░░░░░░░░ step in a real ░░░░░░░░ so much about but ░░░░░░░░ they re going to ░░░░░░░░ done The question is ░░░░░░░░ are they going to ░░░░░░░░ first or eventually continue ░░░░░░░░ raise rates very little ░░░░░░░░ longer but when we ░░░░░░░░ at the yield curve ░░░░░░░░ we see higher rates ░░░░░░░░ the longer side of ░░░░░░░░ eagles are that does ░░░░░░░░ out that that rates ░░░░░░░░ be staying longer for ░░░░░░░░ for hire for longer ░░░░░░░░ know that plus the ░░░░░░░░ over issuance that that ░░░░░░░░ re seeing so far ░░░░░░░░ we have to portrayed ░░░░░░░░ into reality We ve ░░░░░░░░ a couple weeks before ░░░░░░░░ next fed meeting There ░░░░░░░░ when you look at ░░░░░░░░ Market is pricing in ░░░░░░░░ 20 one percent chance ░░░░░░░░ and we could see ░░░░░░░░ second hike here To ░░░░░░░░ to actually change their ░░░░░░░░ Make that a real ░░░░░░░░ The thing and inflation ░░░░░░░░ is coming down and ░░░░░░░░ seeing a lot of ░░░░░░░░ data that they re ░░░░░░░░ to see but it ░░░░░░░░ percent that are really ░░░░░░░░ close to the target ░░░░░░░░ So there is a ░░░░░░░░ that they might continue ░░░░░░░░ creates but you know ░░░░░░░░ they do or not ░░░░░░░░ know if we take ░░░░░░░░ larger picture into consider ░░░░░░░░ they re nearing the ░░░░░░░░ sooner rather than later ░░░░░░░░ re going to be ░░░░░░░░ in would eventually they ░░░░░░░░ going to bars Would ░░░░░░░░ like personally is that ░░░░░░░░ stopped talking on some ░░░░░░░░ about the rate cuts ░░░░░░░░ we need to concentrate ░░░░░░░░ here and now we ░░░░░░░░ have to get through ░░░░░░░░ end of the year ░░░░░░░░ To us it s ░░░░░░░░ to look slightly different ░░░░░░░░ the second have that ░░░░░░░░ did in the first ░░░░░░░░ in it because again ░░░░░░░░ a don t do ░░░░░░░░ evaluations that we have ░░░░░░░░ the road that we ░░░░░░░░ seen only in select ░░░░░░░░ in this very select ░░░░░░░░ was it actually justified ░░░░░░░░ perhaps it was overly ░░░░░░░░ which is the way ░░░░░░░░ seems to us From ░░░░░░░░ Haley former governor of ░░░░░░░░ Carolina she s running ░░░░░░░░ president concerning the retirement ░░░░░░░░ and I wonder what ░░░░░░░░ take from those statements ░░░░░░░░ mean it s gonna ░░░░░░░░ had a drastic change ░░░░░░░░ not necessary Understand if ░░░░░░░░ raise the retirement age ░░░░░░░░ in the u s ░░░░░░░░ does that mean for ░░░░░░░░ of your clients Know ░░░░░░░░ one side Of course ░░░░░░░░ likes that notion of ░░░░░░░░ the can down the ░░░░░░░░ in taking the responsibility ░░░░░░░░ finding their retirement benefits ░░░░░░░░ retirees to the next ░░░░░░░░ but in the same ░░░░░░░░ with have to be ░░░░░░░░ and we have to ░░░░░░░░ a close look at ░░░░░░░░ numbers because On our ░░░░░░░░ We see the investors ░░░░░░░░ on one side really ░░░░░░░░ for a short landing ░░░░░░░░ flair for the soft ░░░░░░░░ I apologize but but ░░░░░░░░ being very cautious of ░░░░░░░░ market be the so ░░░░░░░░ of their retirement Income ░░░░░░░░ to come from personal ░░░░░░░░ No good news of ░░░░░░░░ that we are in ░░░░░░░░ high interest rate environment ░░░░░░░░ the name for investors ░░░░░░░░ now can get higher ░░░░░░░░ You know in anything ░░░░░░░░ money market to any ░░░░░░░░ fixed income but retirement ░░░░░░░░ It s a bit ░░░░░░░░ and it should be ░░░░░░░░ sooner rather than later ░░░░░░░░ what do you think ░░░░░░░░ appropriate for a retirement ░░░░░░░░ I Ask this because ░░░░░░░░ see you as as ░░░░░░░░ corporate retirement director at ░░░░░░░░ Stanley and you know ░░░░░░░░ if the calculation is ░░░░░░░░ on the actual well ░░░░░░░░ you on the way ░░░░░░░░ the Social Security is ░░░░░░░░ So it s not ░░░░░░░░ easy question to answer ░░░░░░░░ and my side is ░░░░░░░░ planning a platter little ░░░░░░░░ for each We just ░░░░░░░░ to and to understand ░░░░░░░░ retirees should be preparing ░░░░░░░░ but it s a ░░░░░░░░ large our conversation in ░░░░░░░░ becomes I m about ░░░░░░░░ s see I m ░░░░░░░░ a kid in November ░░░░░░░░ ll be fifty so ░░░░░░░░ ll be don t ░░░░░░░░ when she s 20 ░░░░░░░░ I I think I ░░░░░░░░ retire and seventy two ░░░░░░░░ makes sense to me ░░░░░░░░ little dizzy plessinger significant ░░░░░░░░ from of of where ░░░░░░░░ expectation is that these ░░░░░░░░ five I may have ░░░░░░░░ work a little bit ░░░░░░░░ Actually another think about ░░░░░░░░ We are so old ░░░░░░░░ us the a quickly ░░░░░░░░ think we only have ░░░░░░░░ 30 seconds here game ░░░░░░░░ we were you putting ░░░░░░░░ marginal dollar for your ░░░░░░░░ at the moment To ░░░░░░░░ with quality with large ░░░░░░░░ in the areas like ░░░░░░░░ industrial and financial health ░░░░░░░░ materials to look at ░░░░░░░░ income and to flight ░░░░░░░░ safety It s not ░░░░░░░░ bad thing When interest ░░░░░░░░ are this high you ░░░░░░░░ so so we re ░░░░░░░░ our lines to be ░░░░░░░░ If until you know ░░░░░░░░ normalize it know that ░░░░░░░░ at least through the ░░░░░░░░ of the year So ░░░░░░░░ for joining us on ░░░░░░░░ the all important Jackson ░░░░░░░░ speech day katarina there ░░░░░░░░ is senior vice president ░░░░░░░░ senior portfolio manager member ░░░░░░░░ well as corporate retirement ░░░░░░░░ over at Morgan Stanley ░░░░░░░░ this whole labour discussion ░░░░░░░░ mean we went between ░░░░░░░░