High Frequency's O'Sullivan Sees 2 More 2017 Fed Hikes

The transcript discusses insights from the Beige Book, highlighting modest to moderate growth and a tightening labor market. It covers market reactions to Fed comments, potential rate hikes, and balance sheet normalization. Consumer spending trends are analyzed, showing weakness in auto sales. Divergent views on economic prospects and treasury yields are presented, with forecasts of rising rates.

What does the Beige Book provide in terms of economic data?

How does the current labor market situation relate to wage pressures?

What are the implications of Dudley's comments on future rate hikes?

What trends were observed in consumer spending according to the discussion?

What is the forecast for the 10-year Treasury yield as discussed?