Taking some questions

  • Payroll growth is still relatively robust
  • People who are working part-time are still elevated
  • The US is approaching full employment
  • Has noted that market expectations for hikes are closer to the dot plot
  • One of the uncertainties facing the Fed is Us fiscal policy
  • Does not expect any large adjustments on most scenarios
  • There's good reasons to expect robust consumer spending
  • Conditions are ripe for improved business investment

I'd suggest that conditions for investment were better before rates started rising, yet we haven't seen that happen. Maybe the presidential elections were behind that. That's something the US and Fed will want to see pick up this year.