Fed 'Doesn't Hike When Business Investment Declines'

The transcript discusses the lack of historical precedent for the Federal Reserve to increase interest rates during periods of declining business investment. It highlights the current economic conditions, emphasizing the need for confirmation of growth in the US economy before considering a rate hike. The absence of wage inflation is noted as a key reason against raising rates. The transcript also forecasts a slight weakening of the US dollar and solidifies predictions for oil prices, suggesting potential impacts on the S&P TSX index.

How does the speaker view the relationship between business investment and economic growth?

What is the forecast for oil prices mentioned in the text?