Traders See a 6% Chance of Fed July Rate Hike

The video discusses the buoyant U.S. housing market and its implications for the economy, highlighting the challenges faced by Janet Yellen and the Fed in managing domestic and global economic issues. It critiques the effectiveness of economic models post-2007 crisis and examines the Fed's response to Brexit and interest rate decisions, emphasizing the importance of clear forward guidance.

What is the significance of the recent trends in U.S. pending and existing home sales?

• They pose challenges for policymakers like Janet Yellen.

• They indicate a decline in the U.S. economy.

• They suggest a decrease in consumer spending.

• They have no impact on the U.S. economy.

How have low oil prices affected the U.S. consumer according to the discussion?

• They have caused a decrease in housing prices.

• They have led to increased consumer spending.

• They have had no impact on the U.S. economy.

• They have resulted in higher inflation rates.

What is a major concern for Janet Yellen as mentioned in the transcript?

• The rise in global oil prices.

• The impact of Brexit on the U.S. economy.

• The decline in U.S. housing sales.

• The increase in U.S. interest rates.

Which Federal Reserve figure is scheduled to speak on Wednesday?

• Charles Evan

• Jerome Powell

• Neel Kashkari

• Janet Yellen

What is the main topic expected to be addressed in Janet Yellen's congressional testimony?

• The decline in global markets.

• The rise in U.S. housing prices.

• The decision not to raise interest rates.

• The impact of low oil prices.