Fed to Deliver Only 'Minor Tweaks': Tom Porcelli

The transcript discusses the Federal Reserve's anticipated minor adjustments in response to labor assessments and inflation expectations. It highlights the influence of global events, such as Brexit, on the Fed's decision-making process, emphasizing the role of the dollar in shaping monetary policy. The discussion also speculates on the future of rate hikes, suggesting that the Fed may not need to act immediately due to external factors and market conditions.

How does the strength of the dollar affect the Fed's ability to hike rates?

What is the significance of the terminal Fed funds rate in the context of future hikes?