Wages Could Go Up 3% by This Time Next Year: Dutta

The video discusses wage dynamics, highlighting the impact of supply and demand in the labor market and the role of the Federal Reserve. It explores globalization's effects on economic confidence and the influence of commodity prices on inflation. The discussion also covers the Federal Reserve's data-driven approach to monetary policy amidst changing economic conditions.

What is expected to happen to wages as the unemployment rate decreases?

• Wages will decrease.

• Wages will have no correlation with unemployment.

• Wages will remain stagnant.

• Wages will increase.

How does globalization affect the labor market according to the discussion?

• It solely increases wages for all workers.

• It brings both benefits and costs, affecting lower-end labor more.

• It has no impact on the labor market.

• It only benefits the upper class.

What are the key factors contributing to consumer confidence in the US?

• Global trade agreements.

• Government policies and tax rates.

• Jobs, gas prices, and stock market performance.

• Interest rates and inflation.

What is the relationship between commodity prices and core inflation?

• Commodity prices and core inflation are inversely related.

• Core inflation directly causes changes in commodity prices.

• There is little to no effect of commodity prices on core inflation.

• Commodity prices have a strong impact on core inflation.

What challenge does the Federal Reserve face regarding its monetary policy?

• Balancing economic data with market expectations.

• Reducing unemployment to zero.

• Increasing inflation rates.

• Maintaining a fixed interest rate.