Just caught Williams' latest comments on the Fed side - he's looking at around 2% to 2.5% GDP growth for next year. Interesting timing given all the market chatter lately. The GDP forecast is pretty moderate honestly, nothing too aggressive but not pessimistic either. This kind of gdp projection usually gets traders thinking about what it means for rate decisions down the line. So basically the Fed is signaling they expect steady but not explosive growth. The gdp outlook here suggests they're probably done with aggressive moves, which could shape how we see the next 12 months playing out. Worth keeping an eye on as more Fed speakers weigh in with their own gdp estimates. Market tends to react when there's a shift in these growth expectations.