Barclays' Fernandez Sees Fed Being Data Dependent in 2018

The transcript discusses the recent Fed meeting, highlighting a dovish tilt and divisions over future monetary policy. Despite confidence in the labor market, some officials want stronger signs of inflation before raising rates. David Fernandez from Barclays provides insights, noting no surprises in the FOMC minutes and emphasizing data dependency. The inflation debate continues, with some seeing transitory pressures and others predicting upside risks. Barclays forecasts two more rate hikes next year, contingent on inflation firming up.

How did the market's expectations for a rate hike change after the Fed meeting?

What was the main takeaway from the recent Fed meeting according to David Fernandez?

What factors are influencing the Fed's decision-making process as they approach 2018?

What concerns did Fed officials express regarding inflation?

What does David Fernandez predict about inflation in the coming year?