Making the Case for No Rate Hike in June

The transcript discusses the potential impact of Brexit on the Federal Reserve's decision to hike interest rates in June or July. It highlights the uncertainty surrounding the referendum and its implications for global markets. The discussion also covers the US economic forecasts, which have been overly optimistic in the past, and the slowing US economy. The transcript further explores the influence of global conditions, such as the Chinese economy and the Spanish election, on the Fed's decisions. Finally, it examines the dollar's performance in relation to interest rate expectations and the potential outcomes of the Fed's actions.

How have consensus forecasts on the US economy performed over the past six years?

What factors are influencing the Fed's decision-making process regarding interest rates?