BofA: Fed Will Hike at a Gradual Pace

The transcript discusses the Federal Reserve's cautious approach to interest rate hikes, influenced by global economic uncertainties and domestic economic indicators. It highlights the Fed's strategy to allow inflation to rise slightly above target and the impact of global factors like China's economy and Brexit on US economic policy. The discussion also covers the stabilization of financial conditions and market reactions, emphasizing the importance of gradual economic recovery and the Fed's dual mandate.

What is the significance of inflation expectations in the context of the Fed's strategy?

In what ways has the stability of the US dollar impacted the global economy according to the speaker?