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Waze Co-Founder Uri Levine explains generative AI's potential. Hema Parmar and Javier Avalos discuss secondary market for venture assets. Shena Ashley shares diversity thoughts in small business. Veronica Clark talks market performance and rate expectations.
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Quick takeaways
- The Federal Reserve is focused on addressing inflation as its number one focus, expecting two more rate hikes this year and reaching a terminal rate of $5.50 to $5.75.
- Mortgage rates and home prices contribute to higher mortgage payments and concerns about housing affordability, with constrained housing supply contributing to upward pressure on home prices.
Deep dives
Fed's Focus on Inflation and Rate Hikes
Veronica Clark, economist at Citigroup, explains that the Federal Reserve is focused on raising rates and slowing down activity due to persistently high inflation. Clark expects two more rate hikes this year, with the Fed reaching a $5.50 to $5.75 terminal rate. She believes the Fed is doing the right thing by addressing inflation as its number one focus.
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Listen to the best highlights from the podcasts you love and dive into the full episode