Traders See a 6% Chance of Fed July Rate Hike

The video discusses the buoyant U.S. housing market and its implications for the economy, highlighting the challenges faced by Janet Yellen and the Fed in managing domestic and global economic issues. It critiques the effectiveness of economic models post-2007 crisis and examines the Fed's response to Brexit and interest rate decisions, emphasizing the importance of clear forward guidance.

What is the significance of the upcoming congressional testimony by Yellen?

Discuss the mismatch between the Fed's statements and actions as mentioned in the text.