Julius Baer Sees Fed Hike in December, Three More in 2019

The video discusses the end of the Federal Reserve's rate hike cycle and potential recession risks. It highlights historical economic indicators, such as the 2:10 Treasury spread, and their implications for future recessions. The US economy's current state is analyzed, with a focus on trade and personal consumption expenditure. Inflation and labor market dynamics are explored, considering the impact of oil prices and job availability on inflation pressures. The video concludes with predictions for future interest rate hikes.

How does the speaker view the relationship between personal consumption expenditure and inflation?

What are the contrasting forces affecting inflation as mentioned by the speaker?