Reasons to Rethink Fed Rate Hikes in 2019

The transcript discusses the Citigroup Economic Surprise Index, indicating analysts' pessimism about the US economy. It explores the Federal Reserve's rate hike expectations, highlighting a shift from previous statements. The debate over the neutral rate within the Federal Reserve is examined, emphasizing the importance of data dependence and financial conditions. The impact of market tightening on policy decisions is also discussed.

What does the speaker suggest about the relationship between actual economic data and market sentiment?

In what ways have market conditions changed in relation to the Federal Reserve's actions?