Carpenter, Brenner on Possible 2018 Fed Rate Hikes

The video discusses the Federal Open Market Committee's (FOMC) economic projections and the impact of a fiscal stimulus package on potential rate hikes. It highlights the disagreement between Republicans and economists on economic growth and the Fed's need to adjust its outlook. The market anticipates between one and four rate hikes, with factors like equity corrections potentially influencing these decisions. The Fed's strategy focuses on future inflation expectations rather than current or past inflation rates.

What is the significance of the CPI in relation to the Fed's rate hikes as mentioned in the text?

How does the text suggest the Fed is approaching inflation expectations?