Just quickly a man called jamie a little Bit earlier this morning said deep Breath and give the fed a chance let's Take a deep breath and give the fed a Chance i'm trying to work out what these Interest rate hikes will mean for this Economy when i get guests after guests On this show say things like household Balance sheets are really strong Corporations are resilient they're well Funded banks are in good shape if that's The case how sensitive will demand be To incremental increases in the interest Rate from this federal reserve do they Have to go more than perhaps some people Expect That's a really good question jonathan Because i worry about the next four to Five months for the fed i'm in the camp That they're going to do 450 basis point Rate hikes over the next four meetings Because i think over the summer we're Going to see the worst of the inflation Data and we're going to see this Reopening burst in pent-up demand Everywhere you're already seeing it in Travel and leisure if you've gone Through an airport and all of that's Going to happen at once at the september Meeting they're still going to be Looking at very strong data so i think You got to put 50 on the boards for September we didn't get to the what Question should mike ask in his
Customary well you can do it now take it What he should be asking is what kind of Conversation did they have about Intermediate rate hikes was that on the Table that's what i want to know i think That is on the table
