One More Fed Hike 'Baked in Cake': Evercore ISI's Hyman

The transcript discusses the Federal Reserve's anticipated actions, with Krishna Guha suggesting one more rate hike before stopping. Concerns are raised about the potential for a deeper recession and the impact on bond yields. The discussion also reviews past Fed actions, including rate hikes and quantitative easing, and their effects on inflation trends.

What are the potential consequences of the Fed creating a deeper recession?

In what ways might the Fed appear 'wrong footed' when they cut rates?