What Impact Will U.S. GDP Numbers Have on Fed Policy?

The transcript discusses the impact of GDP revisions on the economic outlook and the Federal Reserve's decision-making process, particularly under Janet Yellen's leadership. It highlights the importance of various economic indicators, such as retail sales and consumer spending, in shaping interest rate decisions. The discussion also covers market reactions to potential Fed moves, historical market volatility, and the Fed's communication strategy to prepare markets for changes in monetary policy.

Discuss the potential risks of the Federal Reserve moving in July.

What economic conditions might lead Janet Yellen to consider raising rates?