El-Erian: 'Goldilocks 'Jobs Report Encourages Fed

The transcript discusses the current economic indicators, focusing on unemployment and wage trends, and their implications for the Federal Reserve's potential rate hikes. It highlights the market's subdued response and expectations for 2017, emphasizing the uncertainty in economic and policy fronts. The discussion also covers the significant pullback in Treasurys and how markets have priced in higher US growth and inflation based on recent announcements.

What does the 'Goldilocks' report indicate about the current economic situation?

• Increased participation rate and high inflation

• Decreased unemployment and subdued wages

• Stable job creation and high wage growth

• High unemployment and rising wages

What is the Federal Reserve likely to do in December according to the discussion?

• Maintain current interest rates

• Decrease interest rates

• Eliminate interest rates

• Hike interest rates

How many rate hikes are projected for the next year?

• Three

• Four

• Two

• One

What was the main reason for the significant pullback in Treasurys in November?

• Lower inflation expectations

• Changed expectations based on announcements

• Decreased US growth expectations

• Stable economic policies

What have markets priced in according to the final section?

• Unchanged economic conditions

• Stable US growth and inflation

• Higher US growth and inflation

• Lower US growth and inflation