BlackRock's Boivin Sees 'Reasonable' Odds of Fed Hike

The transcript discusses market expectations regarding rate hikes, influenced by payroll and CPI data. It highlights the challenges of pausing rate hikes due to ongoing inflation pressures, drawing comparisons with Canada and Australia. The conversation emphasizes a shift from a structural easing bias to a tightening bias, suggesting that the Fed may not intervene to rescue the economy if it slows down. The outlook on inflation suggests it will remain above target for the foreseeable future, impacting risk assets and the equity market.

What fundamental difference does the speaker identify regarding inflation compared to the past 40 years?

What does the speaker suggest about the Federal Reserve's response to a slowing economy?