Fed Rate Hike in June Can't Be Ruled Out: BofA's Gapen

The transcript discusses the implications of the Federal Reserve cutting interest rates, highlighting that such actions are typically in response to economic downturns or achieving inflation goals. It mentions the housing sector's potential quick recovery and the broader economic rebound. The transcript also covers market expectations, with Citigroup's Andrew Holland Horse suggesting the Fed underestimates inflation, advocating for continued rate hikes. The possibility of rate hikes in June or July is considered, with a 30-40% likelihood, depending on economic data and the Fed's upward bias.

What historical trends are mentioned regarding the housing sector and its recovery after rate cuts?

What reasons are given for the Federal Reserve to cut rates?

What is Andrew Holland Horse's perspective on the Federal Reserve's approach to inflation?

What factors are mentioned that could influence a potential rate hike in June or July?

What evidence does the Federal Reserve need to consider before making a decision on rate hikes?