Ameriprise's Price Says Fed on Track for Two More Hikes

The transcript discusses the outlook for interest rate hikes, investor concerns about market valuation, and the role of economic data in shaping these expectations. It highlights the importance of consumer fundamentals and the potential impact of inflation on Federal Reserve decisions. The discussion also covers the jobs market and corporate earnings, emphasizing the significance of wage growth in influencing market expectations.

What is the expected number of rate hikes mentioned for this year?

What factors are contributing to investor nervousness according to the text?

How does the current valuation of the S&P compare to historical levels?

What is the significance of earnings growth in relation to valuation problems?

What economic indicators are necessary for the market to align with the Fed's expectations?

What recent trends in consumer income and spending were highlighted?

How does inflation impact the Federal Reserve's decision-making process?