Fed Unlikely to Be Aggressive, Cornerstone Macro's Perli Says

The transcript discusses the market's interpretation of the Fed's signals, focusing on dot projections and rate hikes. It analyzes inflation expectations and the Fed's strategy to manage them, including the core PCE and neutral rate. The discussion also covers wage growth, productivity, and inflation pressures, highlighting the Fed's concerns. Finally, it addresses yield curve inversion and its implications for recession, emphasizing the difference between correlation and causation.

What concerns are raised about the Fed's inflation forecasts and their sustainability?

Explain the significance of the yield curve inversion mentioned in the text.

What does the speaker suggest about the correlation between Fed tightening and recession?