Why BofA Is Sticking With Forecast for Seven Rate Hikes

The video discusses the expectation of seven rate hikes by the Fed, emphasizing that even with these hikes, rates remain below neutral. The Fed's data-dependent approach is highlighted, along with the current economic disconnect of low rates and high inflation. The Fed plans to address this by gradually increasing rates to 1.75% while maintaining their strategy throughout the year.

What is the proposed increase in rates mentioned in the text?

What is the speaker's overall outlook on the seven rate hikes?