Oman Investment Fund: Fed Hike Is Overdue

The transcript discusses Janet Yellen's comments and their initial lackluster reception until clarified by Stanley Fischer. It explores the impact of these comments on emerging markets, particularly in Asia, and speculates on the potential effects on the Middle East. The conversation shifts to the overdue normalization of interest rates by the Federal Reserve, considering the US economy's conditions and the implications for emerging markets. The discussion includes expectations for a rate hike, with a notable shift in sentiment reflected in Bloomberg's WRIRP function, predicting a hike in September. Political considerations, such as the presidential elections and Brexit fallout, are also considered, with data strongly supporting the case for a rate hike.

What factors might influence the timing of a rate hike according to the discussion?

What data supports the case for a rate hike?