Saywell: Market May Have Gone a Bit Too Far on Fed

The video discusses the potential for a Fed rate hike in June, with market expectations shifting from a 4% to a 34% chance. The speaker argues that the market may be overestimating this likelihood due to data dependency, internal Fed opinions, and external factors like the Brexit referendum. The Fed's communication aims to adjust market risk perceptions. Additionally, the impact of dollar strength on global economies, particularly emerging markets, is explored, highlighting the feedback loop where a stronger dollar could reduce the need for a Fed rate hike.

What was the Fed's stance on the market's pricing of risk according to the discussion?

What implications does a rising dollar have for emerging market currencies?