Bunning: Fed Shifts to Hawkish, but Sept. Not Certain

The transcript discusses the potential for a Federal Reserve rate hike in September, considering recent economic data and market reactions. It highlights the uncertainty surrounding US job numbers and the Fed's cautious approach. Additionally, the transcript analyzes the strength of the British pound, focusing on the UK's current account deficit and its relationship with the EU, suggesting a structural case for a weaker sterling in the long term.

What is the Federal Reserve's stance on a potential September interest rate hike?

• They are waiting for international feedback.

• They have ruled it out completely.

• They are considering it as a possibility.

• They are fully committed to it.

Why is it challenging to predict the US jobs number in August?

• Due to changes in government policy.

• Because August data is historically volatile.

• Due to unpredictable weather patterns.

• Because of seasonal adjustments.

How does the market view the timing of the Federal Reserve's rate hikes?

• The market expects the hikes to happen sooner rather than later.

• The market is indifferent to the timing of the hikes.

• The market expects the hikes to be canceled.

• The market believes the hikes will be delayed indefinitely.

What is a significant factor contributing to the strength of the British pound?

• The UK's current account surplus.

• The UK's strong relationship with the EU.

• The UK's current account deficit.

• The UK's high inflation rate.

What is the UK's current account deficit as a percentage of GDP?

• 5%

• 10%

• 3%

• 7%