Pimco's Kiesel Says Fed Can Go to 'Data-Dependency Mode' in 2019

The video discusses the economic outlook for 2019, focusing on expected interest rate hikes due to a healthy labor market and slowing global growth. It highlights the impact of US-China trade tensions on the economy and market sentiment. The discussion covers market repricing, the economic cycle, and the role of central banks. It concludes with an analysis of Fed expectations and potential market volatility, emphasizing the need for data dependency in future Fed decisions.

What is the expected action by the Federal Reserve in December according to the discussion?

• A 50 basis point hike

• A rate cut

• A 25 basis point hike

• No change in rates

What is the likelihood of a major breakthrough in US-China trade relations according to the speaker?

• Very high

• Certain

• Moderate

• Low

How have markets responded to the current economic conditions?

• Credit spreads have narrowed

• Equities have risen significantly

• Credit spreads have widened

• Equities have remained stable

What is the current stage of the global economic cycle according to the discussion?

• Mid cycle

• End of cycle

• Early cycle

• Late cycle

What is expected to happen to financial market volatility next year?

• It will be unpredictable

• It will decrease

• It will remain the same

• It will increase