Hoffman: Fed to Have Evidence for Third-Quarter Hike

The transcript discusses the potential for a Federal Reserve rate hike in June, considering mixed economic indicators and employment reports. While some positive signs exist, such as job growth and wage increases, the data may not be strong enough for a June decision. The discussion also covers future predictions for rate hikes in July or September, considering factors like inflation and GDP growth. Employment trends suggest a slowdown in job gains, with forecasts averaging around 175,000 jobs per month for the year.

What is the significance of the retail sales data mentioned in the text?

What implications does the speaker suggest regarding the Federal Reserve's actions in relation to the presidential election year?