| rate hike cycle in 2015 mr powell's | 5.839 | Jump to 30.56 |  |  | 
              
                
                  | growth finished the year at a 6.9 | 5.521 | Jump to 38.239 |  |  | 
              
                
                  | percent pace that's 5.7 on a year ago | 5.521 | Jump to 40.399 |  |  | 
              
                
                  | basis the unemployment rate's at three | 3.6 | Jump to 43.76 |  |  | 
              
                
                  | point nine percent it's going to fall | 5.0 | Jump to 45.92 |  |  | 
              
                
                  | below 3.5 percent by the end of the year | 6.64 | Jump to 47.36 | 
                      
                        
                      
                        PERCENT
                      
                      
                        below 3.5 percent
                      
                     |  | 
              
                
                  | 2015 growth was in the doldrums right | 5.159 | Jump to 50.92 |  |  | 
              
                
                  | stuck right at two percent | 4.399 | Jump to 54.0 |  |  | 
              
                
                  | was was up in the five so | 4.081 | Jump to 58.399 |  |  | 
              
                
                  | we'll see roughly half a trillion | 4.401 | Jump to 152.239 |  |  | 
              
                
                  | 100 billion pace per month now that | 4.721 | Jump to 164.319 |  |  | 
              
                
                  | stands in contrast with the 50 billion | 5.439 | Jump to 166.8 |  |  | 
              
                
                  | pays per month we observed between 2017 | 5.919 | Jump to 169.04 |  |  | 
              
                
                  | and 2019 then in the intervening years | 5.36 | Jump to 172.239 | 
                      
                        
                      
                        DATE
                      
                      
                        the intervening years
                      
                     |  | 
              
                
                  | say by the end of 2024 i would expect | 4.881 | Jump to 174.959 |  |  | 
              
                
                  | just under 3 trillion to roll off the | 4.841 | Jump to 177.599 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        just under 3 trillion
                      
                     |  | 
              
                
                  | three rate hikes this year no 50 basis | 5.201 | Jump to 202.159 |  |  | 
              
                
                  | point hikes 325 basis point height with | 5.039 | Jump to 204.56 |  |  | 
              
                
                  | the rich risk of a fourth markets | 4.32 | Jump to 207.36 |  |  | 
              
                
                  | pricing in five as we talk | 3.521 | Jump to 209.599 |  |  | 
              
                
                  | think the five-year five-year forward | 4.16 | Jump to 221.2 |  |  | 
              
                
                  | fourth quarter today i realize this is | 5.36 | Jump to 230.959 |  |  | 
              
                
                  | backwards looking data but 6.9 | 5.519 | Jump to 233.28 |  |  | 
              
                
                  | growth rate since 1984. | 4.721 | Jump to 253.439 |  |  | 
              
                
                  | thinking we're going to be in that 1.5 | 4.96 | Jump to 275.12 |  |  | 
              
                
                  | to 1.7 growth pace in this quarter but | 5.04 | Jump to 276.8 |  |  | 
              
                
                  | we'll have about a four percent growth | 3.68 | Jump to 281.84 |  |  | 
              
                
                  | that's more than double the 1.7 percent | 4.239 | Jump to 285.52 |  |  | 
              
                
                  | around 2.2 percent i think | 4.399 | Jump to 301.52 | 
                      
                        
                      
                        PERCENT
                      
                      
                        around 2.2 percent
                      
                     |  | 
              
                
                  | in 2023 | 4.0 | Jump to 303.919 |  |  |