BNY's Young Says Fed Will 'Get to 3% by Summer of Next Year'

The video discusses the Federal Reserve's interest rate strategy, predicting a rise to 3% by next summer, and its impact on equity markets. It highlights the importance of the Fed's signaling in maintaining market stability and the potential negative effects if the Fed changes its course. The discussion then shifts to the performance of growth versus value stocks, noting that growth stocks have outperformed value stocks significantly. The video concludes with a prediction that this trend may reverse in 2019, influenced by economic cycles and tax reforms.

How does the speaker describe the performance of growth stocks compared to value stocks?

What factors does the speaker believe contributed to the current market conditions?