Fed's Brainard Sees Fed Rate Hike Soon

The video discusses the potential for a rate hike by the Federal Reserve, influenced by comments from key figures like Bill Dudley and Lael Brainard. Economic indicators such as the ISN manufacturing index and PCE deflator are analyzed, showing a strong signal for a rate hike. Market perceptions have shifted, with increased odds for a March hike. The Fed's Beige Book indicates modest growth and subdued inflation, with upcoming speeches from Janet Yellen and Stan Fischer expected to further influence market expectations.

What are the implications of the ISM manufacturing index and PCE deflator for the Fed's policy?

What does the Beige Book indicate about the current economic conditions?