Halpenny Says Fed May Have to 'Change Their Tune'

The video discusses the uncertainty surrounding future rate increases, with a focus on the Federal Open Market Committee (FOMC) minutes and the debate over low inflation. It highlights the importance of central bank credibility and the potential need for policy adjustments if inflation does not meet targets. The discussion also covers service sector inflation, the lack of real wage growth, and the implications for rate hikes. Additionally, the video examines economic growth trends, the potential for deceleration, and the impact of tax reform, suggesting that some outcomes may be more relevant in 2019 than 2018.

What is the expected range of rate increases mentioned in the discussion?

What factors are contributing to the debate about low inflation?

What evidence is needed for the Fed to change their current stance on rates?

How does the speaker view the potential for growth in the fourth quarter?

What uncertainties are associated with the tax reform program mentioned?