Daybreak Europe Show Open: Economic optimism at all time low

The transcript discusses central bank policies, focusing on the Fed's approach to rate hikes and the language used in their communications. It highlights the Fed's intent to move expeditiously towards a neutral range, with differing views from officials like Bullard. The market's reaction to CPI data and the potential risks of multiple rate hikes are analyzed. The impact of inflation on small business sentiment is also covered, emphasizing the need for the Fed to act to control the economic picture.

What does the term '50 basis point hike' refer to in the context of central banking?

What implications does the phrase 'move expeditiously' have for the Federal Reserve's policy decisions?

What are the potential risks associated with multiple sequential 50 basis point hikes?

In what ways might the Fed's actions impact market reactions, according to the text?

How does the current sentiment among small businesses reflect the state of the economy?