RBC's Porcelli Sees Four Rates Hikes for 2018

The video discusses the continuity of monetary policy under new leadership, projecting interest rate hikes in March. It highlights concerns about inflation and economic overheating, referencing Bill Dudley's speech. The analysis of wage pressures suggests that while there is some increase, it is not yet significant. The overall economic outlook remains steady, with no major changes expected based on recent data.

What is the expected approach of the new leadership towards monetary policy?

• A focus on reducing interest rates

• A halt on all interest rate changes

• An extension of Yellen's approach

• A completely new strategy

What is the anticipated change in interest rate hikes for the year?

• Three hikes

• Two hikes

• No hikes

• Four hikes

What shift in focus did Bill Dudley's speech highlight?

• From fiscal policy to monetary policy

• From economic growth to recession

• From inflation to potential overheating

• From unemployment to inflation

What is the current situation regarding wage pressures according to the transcript?

• Wage pressures have not materially changed

• Wage pressures are unpredictable

• Wage pressures have significantly increased

• Wage pressures have decreased

How should the recent wage data affect economic outlook according to the speaker?

• It should cause a major revision

• It should lead to increased concern

• It should prompt immediate policy changes

• It should not change the current outlook