Fed Minutes to Give Clues on Rate Hikes

The transcript discusses the Federal Reserve's outlook on interest rates amidst a strong economy and persistent inflation. Pat Harker suggests two rate hikes, while others anticipate more. The discussion includes the Fed's goals, such as controlling inflation and normalizing rates before a downturn. An upcoming interview with Neel Kashkari is highlighted, focusing on his views on inflation and rate hikes. The market's alignment with the Fed's decisions and the potential for more aggressive rate hikes are also explored.

What is the significance of the last CPI report in relation to inflation?

What are the potential goals of the Federal Reserve as discussed in the text?