ADP Research Institute: U.S. Added 190,000 Jobs in Nov.

The transcript discusses market estimates and predictions for 2018, focusing on inflation and its impact on bond markets. It highlights the expected disappointment in inflation rates and the role of balance sheet normalization in tightening financial conditions. The discussion also covers the interaction between the Federal Reserve and the yield curve, questioning how far the Fed will allow financial conditions to tighten and its implications for interest rates.

What is the primary focus of Matthew Hornbach's outlook for 2018?

• Analyzing inflation and bond markets

• Evaluating global trade policies

• Predicting stock market trends

• Forecasting real estate prices

What is expected to be the main driver of bond markets in 2018 according to the first section?

• Rising unemployment rates

• Increased consumer spending

• Balance sheet normalization

• Higher inflation rates

By the end of the year, what is the predicted trading rate for 10-year yields?

• 3%

• 2%

• 1%

• 4%

What is the anticipated action of the Fed regarding rate hikes in the coming year?

• Two rate hikes

• One rate hike

• Three rate hikes

• No rate hikes

What is the Fed expected to do in December according to the final section?

• Increase rates

• Decrease rates

• Go on hold

• Announce new policies