Hollenhorst Says Likelihood of Dec. Fed Rate Hike at 50%

The transcript discusses the probability of a rate hike by December, emphasizing the challenges in forecasting inflation, which is crucial for determining rate hikes. It highlights the dependency on inflation data and compares market expectations from speeches by Yellen and Draghi, noting that the ECB could surprise the market, unlike the Fed, which is more predictable.

What is the significance of Mario Draghi's speech in relation to market expectations?

What does the speaker imply about the ECB's potential to surprise the market?