Markets Are Mixed Ahead of the Fed

The transcript discusses the expectations from an FOMC meeting, focusing on interest rate profiles and balance sheet reduction. It highlights market expectations, potential risks, and the impact of inflation on the Fed's decisions. The discussion also covers market sentiment, short-term yields, and the challenges inflation poses for the Fed's policy mandates.

What are the expectations regarding future interest rate profiles mentioned in the text?

What is the significance of the dot plots for the years 2017 to 2019 as discussed in the text?

How does the market sentiment appear regarding the Fed's ability to deliver on interest rate hikes?

What implications does the decline in inflation have for the Fed's policy decisions?

What challenges does the Fed face regarding inflation and its expectations?