PineBridge Economist Sees Strong Business Sector Recovery

The video discusses the strong recovery in the business sector, highlighted by positive regional Fed surveys. However, concerns arise from consumer spending, as inflation-adjusted retail sales show weak growth. The global rebound in business investment is driving economic growth, with strong export growth in Asia and rising commodity prices. Despite hawkish signals from Janet Yellen, the stock market remains strong, and the video anticipates two rate hikes this year.

What is the speaker's perspective on the current state of business investment?

What does the speaker predict about the future of interest rate hikes?