Markets Turning Focus to Fed's Long-Term Rate Path, Says Turnill

The video discusses the current state of the US housing market, noting a slight sogginess but an overall robust economic outlook with expected growth of 3% or more in the next 12 months. It highlights the impact of trade and policy uncertainties on consumer and business expectations. The Federal Reserve's policy of steadily raising interest rates is examined, with market expectations now aligned with this path. The discussion also covers the potential long-term path for interest rates and the implications of trade and fiscal policy risks.

What is the expected growth rate for the U.S. economy in the next 12 months?

• 1% or below

• 2% or below

• 3% or above

• 4% or above

What is one of the main uncertainties affecting the U.S. economic outlook?

• Stable housing market

• Decreasing consumer spending

• Rising trade and policy uncertainties

• Technological advancements

What is the Federal Reserve's current plan regarding interest rates?

• Raise rates only in 2020

• Raise rates steadily once a quarter

• Maintain current rates

• Decrease rates every quarter

What event is highlighted as important for understanding future Fed actions?

• The presidential address

• The quarterly earnings report

• The Jackson Hole commentary

• The annual budget announcement

What are investors focusing on regarding the Fed's interest rate path?

• Short-term rate changes

• Immediate fiscal policy impacts

• Long-term interest rate trajectory

• Current trade agreements