Rhame: I Back Markets Over Fed on Economy

The transcript discusses the Federal Reserve's optimistic economic outlook compared to market predictions, emphasizing the historically low interest rates. It highlights the market's euphoria and the psychological impact of rising mortgage rates. The discussion shifts to positive economic momentum driven by strong employment and consumer sentiment, predicting similar growth patterns to 2016. Business investment challenges are explored, focusing on corporate profits and uncertainty. Finally, the potential impact of fiscal policy changes under Trump, such as tax cuts and increased spending, on economic growth and interest rates is examined.

What is the Fed's outlook on the economy compared to the markets?

How do low interest rates affect consumer sentiment and business investment?

What factors contribute to the uncertainty in business investment?

What are the implications of rising interest rates for companies with cash reserves?

In what ways might fiscal policy impact economic growth in 2017?