BofAML's Harris Sees 'Good Chance' for Four Fed Hikes in 2019

The video discusses market expectations for interest rate hikes, noting a significant decrease in anticipated increases. It highlights the Fed's shift from forward guidance to data dependence, suggesting that the market may have overreacted by pricing in only one hike for the next year. The discussion covers the potential for more frequent hikes if economic data remains strong, and the possibility of the Fed overshooting its targets. The video also examines the slow pace of the current tightening cycle compared to historical norms.

What are the market expectations for interest rate increases next year?

How has the Fed's forward guidance changed according to the text?

What factors could lead to more than one interest rate hike next year?

What does the speaker suggest about the pace of the Fed's tightening cycle?

What is the speaker's view on the likelihood of four rate hikes next year?