Fed is Data Dependent

The transcript discusses the Federal Reserve's challenges in managing inflation and market expectations. It covers the economic outlook, highlighting sectors like housing and technology facing contraction, while consumer spending remains robust due to increased disposable income and a strong labor market. The Fed's focus on inflation, particularly through wages, is emphasized, with potential future rate hikes and global economic risks being key concerns.

What is the significance of real disposable income in the context of consumer spending?

What concerns does the Federal Reserve have regarding inflation and wages?

How might the Federal Reserve's approach to rate hikes impact the market's reaction?