Pimco MD Sees Fed Raising Rates Three Times This Year

The video discusses the market's implied odds for Federal Reserve rate hikes, highlighting a 38% chance of a 25 basis point move in March and a 27% chance of three hikes this year. It explores the impact of Trump's policies on the economy, noting both positive and negative potential outcomes. The discussion also covers the risks of trade wars and a retreat from globalization, with insights from Australian Prime Minister Malcolm Turnbull on the importance of free trade. Finally, the video explains why bond portfolios are resilient to rising interest rates, emphasizing the reinvestment of maturing bonds and coupons.

What does the speaker suggest about the future of monetary policy in relation to inflation?

What is the speaker's view on the resilience of bond portfolios to rising rates?