Citigroup's Clark Sees Fed Terminal Rate at 5%-5.50%

The transcript discusses the current economic climate, focusing on terminal rates, the impact of economic tightening, and its effects on the labor market and tech sector. It highlights the broader economic implications, including market analysis and business investment trends. The housing market is analyzed, considering the effects of high mortgage rates and potential future trends. The discussion emphasizes the importance of inflation and labor market data for the Federal Reserve's decisions.

What factors are contributing to the current state of the housing market according to the discussion?

How does the text suggest that the Fed's rate hikes will affect consumption and business investment?