Cazenove Says Data Warrants Fed Expectations of Two Hikes in 2019

The transcript discusses the disparity between market sentiment and the Federal Reserve's expectations, particularly regarding rate hikes. It highlights the strong labor market and consumer spending as factors against a 2019 recession. The conversation shifts to the dollar's unexpected strength and its impact on emerging markets, noting a potential shift in Fed policy. Finally, it addresses market volatility, comparing current trends to historical events, and suggests that recent fluctuations may be a healthy correction in a mature bull market.

What are the implications of the Fed's potential shift in its hiking cycle?

How does the current market volatility compare to historical volatility?

What are the concerns regarding the economic outlook for 2019?