SoFi's Liz Young on why she doesn't want the Fed to hike rates

• Inflation is 'warm' but not 'hot', with promising data last week, but current portfolios are not working.
• Recommends adding commodities as a hedge against geopolitical risk affecting energy.
• Hopes the Fed does not raise rates in September or October, with December being the earliest possibility for one hike, which she still dislikes.
• Argues that hiking rates won't solve supply-side inflation issues (labor, semiconductors, oil) and could harm a stable, not overheating, economy.

Liz Thomas discusses current market trends, inflation, and Fed policy. She believes inflation is 'warm' but not overheating, and that further rate hikes would be a mistake, potentially harming a stable economy. She suggests existing portfolios need adjustment, possibly including commodities, and expresses hope for no more than one rate hike by year-end, if any.