Fed's Lockhart Says March Meeting Is Live

The transcript discusses global inflation trends, focusing on the CPI and PCE indices and their relation to the Federal Reserve's 2% target. It explores the potential for interest rate changes based on recent economic data and Fed Chair Yellen's testimony. The dynamics of Fed meetings and the possibility of rate hikes without scheduled press conferences are also examined.

What does the CPI index indicate about the economy's performance?

How does the speaker view the possibility of hitting the 2% inflation target?

What is the significance of the PCE index in relation to the Fed's target?

What factors does the speaker consider when discussing potential rate increases?

What was the reaction to Fed Chair Yellen's recent testimony?

What does the speaker mean by saying every meeting should be 'live'?

What are the implications of the odds of a May rate hike surpassing 50%?