Fed on Track to Continue to Raise Rates Into 2019, Says Macquarie's Lakos

The video discusses Macquarie's prediction of three to four rate hikes by the Fed in 2020, despite market expectations of zero. It highlights the influence of trade negotiations, Brexit, and US employment growth on these predictions. The analysis contrasts soft and hard data, noting negative trends since Trump's presidency. The video also examines US bond yields, indicating a shift from risk assets to defensives, and presents a contrarian view on global growth and market rates.

What is the significance of the soft and hard data mentioned by the speaker?

What is the speaker's view on the future of bond yields and global growth?