Vanguard's Davis Sees Fed Less Accommodative in 2017

The transcript discusses the uncertainty in fiscal policy and the projection of interest rate hikes by the Fed. It highlights the shift in economic sentiment from deflation concerns to inflation risks, driven by global forces. The conversation also covers the unexpected acceleration in growth, despite previous stagnation concerns, and the implications of rate hikes on markets. Finally, it provides projections for future yields and emphasizes the need for cautious market expectations.

What are the projected interest rate increases for the next year?

How does the speaker view the modeling of various scenarios in fiscal policy?

What sentiment has changed regarding inflation according to the speaker?

What factors does the speaker mention that could affect the global economy?

What does the speaker suggest about the central banks' ability to raise rates?

What is the speaker's outlook for financial markets in the coming years?

How does the speaker describe the current state of the equity markets?