Halpenny Says Fed May Have to 'Change Their Tune'

The video discusses the uncertainty surrounding future rate increases, with a focus on the Federal Open Market Committee (FOMC) minutes and the debate over low inflation. It highlights the importance of central bank credibility and the potential need for policy adjustments if inflation does not meet targets. The discussion also covers service sector inflation, the lack of real wage growth, and the implications for rate hikes. Additionally, the video examines economic growth trends, the potential for deceleration, and the impact of tax reform, suggesting that some outcomes may be more relevant in 2019 than 2018.

What range of rate increases is being debated according to the transcript?

• Three to five

• Four to six

• Two to four

• One to three

What is crucial for the Central Bank according to Jerome Powell?

• Increased spending

• High interest rates

• Credibility

• Low inflation

What type of inflation is highlighted as being misleading in the transcript?

• Goods inflation

• Service sector inflation

• Core inflation

• Food inflation

What growth rate is mentioned as a sign of optimism in the markets?

• 5% growth

• 2% growth

• 3% growth

• 4% growth

What is a potential factor for economic slowdown mentioned in the transcript?

• Increased exports

• Tax reform uncertainty

• High inflation

• Rising interest rates