Timestamps:
00:00 – Introduction and panelist overview.
01:06 – Jim Bianco discusses the possibility of a rate hike, noting that while it may not happen immediately, the next move could be higher.
02:16 – Analysis of the European Central Bank (ECB) and its influence on global rate expectations.
03:00 – Discussion on how “Fed watching” has changed from deciphering words to tallying votes.
03:31 – Review of Consumer Price Index (CPI) data and its impact on the Fed’s decision-making.
04:36 – Claudia Sahm discusses stagflation risks and the “two-sided risks” currently facing the economy.
05:43 – Steven Wieting presents the case for a more accommodative Fed, citing rising unemployment trends.
07:01 – Analysis of the Labor Force Participation Rate and its increase to 62.5% in January.
07:34 – Review of Initial Jobless Claims data through March.
08:19 – Final thoughts on raw materials costs rising and the potential for a “hawkish tilt” from the Fed.