Fed Looking For Evidence to Support a Hike: Schmieding

The transcript discusses the Federal Reserve's potential rate hike, focusing on market reactions to hawkish signals, the impact of international events like Brexit, and the Fed's data dependency. It highlights the gap between consumer income and spending, the importance of inflation data, and the Fed's communication strategy. The discussion also covers inflation targets, the concept of overshooting, and the role of the dot plot in economic recovery post-financial crisis.

What factors are influencing the Fed's decision to potentially hike interest rates?

How does the gap between U.S. consumer incomes and consumer spending affect the Fed's outlook?

What are the implications of international events, such as Brexit, on the Fed's decisions?

In what ways do central bankers view the concept of overshooting inflation?

What is the significance of data dependency in the Fed's decision-making process?