Moody's Analytics' Ell on Central Banks, Macro Data

The video discusses the current economic conditions and monetary policies of major economies, including the US, Australia, and China. It highlights the central banks' strategies, such as rate hikes by the Fed and the Reserve Bank of Australia, and their potential impacts on the economy. The US economy shows strong labor market conditions but faces recession risks. Australia's economy is expected to achieve a soft landing despite significant rate hikes. China's economy struggles with domestic challenges and the zero COVID policy, causing uncertainty.

What is the expected trend for rate hikes in the US as mentioned in the text?

Discuss the implications of the Reserve Bank of Australia's rate hikes on consumer behavior.