Fed to Initiate Tapering Discussion, JPMorgan's Hui Says

The transcript discusses the current market sentiment regarding inflation and the Federal Reserve's stance on it being transitory. It explores the potential impact of Fed policies on the dollar and yields, with a focus on tapering and normalization. The discussion includes forecasts for major currencies like the dollar, euro, and renminbi, highlighting the effects of policy divergence between central banks. The overall sentiment is that the dollar may strengthen, especially against low-yielding currencies, as the Fed becomes more explicit about tapering plans.

What factors contribute to the uncertainty surrounding the Fed's policy decisions?

What expectations do the speakers have regarding the euro-dollar exchange rate?