Raymond James Economist Expects More Hawkish Fed in 2018

The video discusses the economic outlook, focusing on inflation concerns, fiscal stimulus, and leadership changes at the Federal Reserve. It highlights the uncertainty in monetary policy and market adjustments, particularly regarding long-term interest rates. The challenges in achieving the Fed's 2% inflation target are examined, considering factors like labor market slack and commodity prices. The potential for a more hawkish Fed and its implications for market expectations are also explored.

What uncertainties are present in the economic outlook as we head into the New Year?

How might the change in leadership at the Fed affect monetary policy in 2018?

What are the potential impacts of fiscal stimulus on inflation expectations?

What factors have contributed to the low inflation rates despite economic growth?

Discuss the significance of the 2% inflation target and its implications for the Fed's policy.