Federal Reserve Likely to Raise Rates Next Week, Kaplan Says

The transcript discusses the Federal Reserve's potential rate hike decision amidst mixed economic indicators, such as resilient consumer spending and weak manufacturing. It highlights the impact of fiscal spending, including ARPA and infrastructure projects, on the economy. The discussion also considers global factors like China's slow growth and its implications for the US economy. The speaker emphasizes the need for the Fed to understand fiscal spending's role in economic stability and suggests that without government spending, rate hikes might have already ceased.

In what ways might the Federal Reserve's rate hikes impact the economy moving forward?

What are the potential implications of China's economic situation on the U.S. economy?