HSBC's Logan Sees Change in Expectations for Fed

The transcript discusses the impact of recent tax plans on rate hikes, predicting four rate hikes over the next two years due to faster-than-expected tax cuts. These cuts are front-loaded, leading to early economic stimulus and potential inflation changes. The Fed faces a dilemma with the yield curve, as international conditions keep long-term rates low despite domestic rate increases. The ECB and other central banks are slowly moving away from low rates, affecting global economic dynamics.

What factors contributed to the change in the number of expected rate hikes?

How does the tax plan influence the timing of revenue losses and stimulus?

In what ways are international conditions affecting the US yield curve?

What is the significance of the yield curve in relation to the Fed's decisions?

What are the implications of the ECB and other central banks' actions on the Fed's strategy?