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Rosenberg does this adjust a fixed income view of BlackRock yeah you have to understand this is a big pushback to the to the slowing and its a reminder of what Powell tried to say to the market though the market wasnt listening that their main concern is theyre not yet seeing uh the impact of their tightening in the labor markets and so this is a very clear message and a a really kind of important warning that perhaps the interest rate sensitivity put housing to the side put the interest rate sensitivity of the economy to the feds tightening to date yes there are long and variable lags but we havent really seen that degree of tightening and when you take the financial conditions easing the combined is perhaps what were seeing here is the inability of the FED to really get to its goal which is to rein in the inflation pressures from a market Powell said it again on Wednesday its still a labor market that is too hot given that we are not seeing wages Jeff increase to the degree th