Coutts' Kelemen Expects 2 Fed Hikes in 2019

The transcript discusses Jay Powell's recent comments on interest rates and the neutral rate range. It explores the potential for interest rate hikes in the US, market reactions, and broader economic concerns such as trade, G20 issues, and Brexit. The discussion highlights the possibility of two interest rate hikes next year, which is more than the market currently anticipates. It also examines the impact of Powell's comments on equities and bond yields, noting that other global issues may influence market stability.

What is the current real interest rate in the US according to the discussion?

• 3%

• 2%

• 1%

• 0%

How many interest rate hikes does the speaker expect next year?

• None

• Three

• One

• Two

What psychological level is mentioned for bond yields?

• 3%

• 2.5%

• 3.5%

• 2%

What is one of the geopolitical issues mentioned that could impact the markets?

• Healthcare reforms

• Technological advancements

• G20 issues

• Climate change

According to the discussion, can Powell alone stabilize the markets?

• Yes, he can

• No, there are too many other issues

• Only if he reduces interest rates

• Only if he increases interest rates