Hawkish Fed, Recession, Equity Downside: 3-Minute MLIV

The video discusses the Federal Reserve's interest rate decisions, with a focus on the expected 75 basis point increase and its impact on the market. It highlights the current inflation rate of 9.1% and the strength of the labor market, suggesting that a recession is unlikely this year. The discussion also covers the outlook for equity markets, with a prediction of further downside due to potential additional tightening by the Fed. The video concludes with a comparison of different market views, emphasizing the need for flexibility in market predictions.

What is the speaker's perspective on the market's pricing of rate cuts for the upcoming year?

How does the speaker compare the views of Ed Yardeni and Morgan Stanley regarding the equity markets?