Kotok: Markets Ready for Fed to Raise Rates in December

The transcript discusses the Federal Reserve's potential rate hike in December, market expectations, and the impact of upcoming elections. It highlights the importance of jobs reports in shaping economic outlooks and examines inflation trends and asset prices. The bond market's risk premium and the effects of Brexit on yields are also analyzed.

What is the significance of the 70% chance of a rate hike already being priced into the market?

How does the concept of asset inflation relate to the current economic situation?

What are the potential effects of the Brexit on global yields and the economy?