BofA Merrill's Harris: No Fed Rate Hike Until December

The video discusses the Federal Reserve's current stance on interest rates, highlighting the market's expectations and the Fed's cautious approach. It analyzes economic indicators like GDP and employment, noting the Fed's patience in rate hikes due to global risks. The discussion includes predictions for future rate hikes, considering factors like the bond market and inflation.

What was the general market reaction to the Fed's minutes?

• Surprised by the hawkish tone

• Indifferent due to expected hawkishness

• Excited about immediate rate hikes

• Concerned about economic downturn

Which economic factor was considered an aberration in the report?

• Oil prices

• Labor market performance

• GDP growth

• Inventory levels

Why is the Fed being cautious about rate hikes?

• Due to strong GDP growth

• Because of market disruptions

• To avoid inflation overshooting

• To encourage more job gains

What external factor is affecting the US bond market?

• Rising oil prices

• High domestic inflation

• Negative interest rates overseas

• Strong US dollar

What is the current state of unemployment in the US according to the transcript?

• Exactly 5%

• Above 10%

• Around 7%

• Less than 5%