Fed Should Be at Three or Four Hikes Per Year: Chadha

The transcript discusses market expectations for Federal Reserve rate hikes, highlighting a shift from one rate hike over three years to one per year. It contrasts this with the Fed's guidance of two to three hikes annually. The discussion also covers the S&P 500's potential rally, driven by election outcomes and sector movements, particularly in financials and industrials. The financial sector is closely tied to the 10-year yield, while industrials are seen as overvalued. The transcript concludes with concerns about the US economy's deficit under potential Trump policies, emphasizing the uncertainty of policy outcomes.

What are the implications of a potential Trump presidency on economic policies?

What is the expected impact of infrastructure spending on the economy?