FOMC Adopting Cautious Stance Earlier On, Says Derrick

The transcript discusses the Federal Reserve's concerns about global markets and their impact on the US economy. It highlights the influence of global events like the China crisis on Fed decisions, particularly regarding rate hikes. The discussion covers inflation concerns, the timing of rate hikes, and the resulting market volatility, especially in foreign exchange markets. The Fed's cautious approach to adjusting expectations and managing market unrest is emphasized.

What historical event is mentioned as a reference for the Fed's reaction to global crises?

• The 2010 Eurozone Crisis

• The 2001 Dot-com Bubble

• The 1998 Crisis

• The 2008 Financial Crisis

What is Janet Yellen's view on the sustainability of inflation pickups in the US?

• She has not commented on them.

• She believes they are sustainable.

• She is uncertain about their sustainability.

• She thinks they are unsustainable.

What is a major concern for the Fed when considering rate hikes?

• Technological advancements

• US housing market stability

• Global market unrest

• Domestic employment rates

Which months are considered for potential rate hikes by the Fed?

• January or February

• April or May

• June or September

• October or November

What dominates the FX markets according to the discussion?

• Trade policies

• Monetary policy

• Political events

• Technological changes