Economist Hooper Sees Fed Holding to 2018 Expectations

The transcript discusses the Federal Reserve's expectations for rate hikes in 2018, noting that the market is not fully aligned with these projections. Despite inflation concerns, the Fed is expected to maintain its current stance on rate hikes. The conversation also touches on the market's reaction to the Fed's balance sheet adjustments, indicating that the market has moved beyond these changes. The discussion highlights the importance of understanding the gap between market expectations and the Fed's projections.

What are the expectations regarding rate hikes next year according to the discussion?

How does the speaker perceive Janet's commentary at the press conference?

What is the significance of the press conference mentioned in the text?

What implications does the speaker suggest regarding the market's perception of the Fed's actions?

What does the speaker mean by the 'relative gap' in the context of the Fed's projections?