KPMG's Diane Swonk: This Is the Start of the Fed's Rate-Hike Cycle

According to Wallstreetcn, KPMG Chief Economist Diane Swonk said this is the start of the Federal Reserve's rate-hike cycle, adding that the U.S. economy is resilient but does not have "resonance" with many people and is responding to shocks on both the supply and demand sides.