Dutta Expects Fed to Hike Rates More Than Once From Here

• Dutta anticipates the Fed will deliver more than one additional rate hike from current levels.
• This expectation is based on the Fed's revised forecasts, showing a lower unemployment rate and higher core inflation.
• He points to ongoing inflationary pressures from computer/consumer electronics, rising oil/gas prices, and accelerating food prices.
• Dutta is concerned about the outlook for equities, stating that continued rate hikes and a slowing consumer do not present a good setup for the market.

Neil Dutta of Renaissance Macro expects the Federal Reserve to implement more than one additional rate hike, citing revised economic forecasts with lower unemployment and higher core inflation. He highlights persistent inflationary pressures from various sectors and expresses concern for equities, believing the current setup is not favorable for market performance.