Oreana Financial's Poole on Fed Policy, Market Expectations

The transcript discusses the current market expectations regarding Fed rate hikes, with some expecting a pause and others anticipating a cut. It highlights the US economy's growth and inflationary pressures, which could lead to a shift in market expectations. The discussion also covers bond yields, the Fed's changing rhetoric, and the potential impact on global equity markets. The transcript concludes with an analysis of the late economic cycle, risks of recession, and the role of corporate leverage and credit quality.

What does the term 'dovishness' refer to in the context of monetary policy?

What are the key risks mentioned regarding the current economic cycle?