With inflation at multi decade highs and wage growth building, price pressures in the United States appears anything but transitory. Oreana Financial Services’ Isaac Poole says the rapidly changing economic environment has understandably raised questions about the Federal Reserve’s pledge to remain patient when it comes to interest rate increases. However, Isaac thinks traders have got a little ahead of themselves in predicting multiple rate hikes next year, warning market pricing and Fed’s dot plots have been lousy indicators on where rates will head. Given heightened uncertainty towards the pandemic and when supply shocks will ease, Isaac thinks pre-emptive rate hikes will increase the risk of policy error. He says this is the biggest policy risk out there right now. Along with the Fed, Isaac discusses what he expects to see from the RBA this week along with his expectations for interest rates markets looking ahead. (Source: Ausbiz) Click here to watch the interview.

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