BofAML's Morriss Is Less Convinced Fed Moves in June

The transcript discusses the potential for a rate hike in June, with mixed market expectations. It highlights concerns about inflation and the impact of Moody's announcement on markets. The Fed's strategy for reducing its balance sheet is explored, along with the challenges it may face. The discussion also covers the Fed's dual mandate of employment and inflation, emphasizing the importance of economic indicators like unemployment and wage growth.

Discuss the relationship between unemployment rates and wage growth as mentioned in the text.

How does the speaker perceive the global economic situation in relation to the Fed's actions?

What are the expectations for inflation moving into next year?