Fed Rate Hike in September Is a 'Done Deal,' Russell's Eibel Says

The video discusses the current state of emerging markets, highlighting their potential value compared to developed markets. It emphasizes the impact of trade and tariffs on these markets, particularly China, and suggests investing in Europe and Japan due to favorable monetary policies and growth prospects. The discussion then shifts to the Federal Reserve's recent minutes, focusing on potential changes in monetary policy and the internal debate on inflation and economic growth. The video concludes with an outlook on future interest rate decisions and the Fed's independence from political influence.

What are the implications of tariffs on growth and inflation as mentioned in the text?

What does the speaker suggest about the Fed's future actions regarding interest rates?