Oreana Financial's Poole on Fed Policy, Market Expectations

The transcript discusses the current market expectations regarding Fed rate hikes, with some expecting a pause and others anticipating a cut. It highlights the US economy's growth and inflationary pressures, which could lead to a shift in market expectations. The discussion also covers bond yields, the Fed's changing rhetoric, and the potential impact on global equity markets. The transcript concludes with an analysis of the late economic cycle, risks of recession, and the role of corporate leverage and credit quality.

What is the market's current expectation regarding the Fed's rate hikes?

• The market expects a decrease in rates immediately.

• The market expects no change in rates.

• The market expects multiple rate hikes this year.

• The market expects a pause in rate hikes.

What could potentially cause a sudden surge in bond yields?

• A decrease in corporate leverage.

• A stable economic growth trend.

• A discussion of rate hikes by the Fed.

• A decrease in inflationary pressures.

What is a key risk factor for the late stage of the economic cycle?

• An increase in global trade.

• A stable corporate credit quality.

• A significant shift in rate expectations.

• A decrease in consumer spending.

What has been the trend in corporate leverage in the US market?

• Leverage has been growing aggressively.

• Leverage has been fluctuating.

• Leverage has remained stable.

• Leverage has been decreasing.

What could be a catalyst to tip the economy into a recession?

• A meaningful shift in rate expectations.

• A stable bond market.

• A decrease in corporate taxes.

• An increase in consumer confidence.