RBC's Porcelli Sees Four Fed Hikes in 2019 Amid Tangible Wage Growth

The video discusses the ECI measurement, adjusted for inflation, and its implications on wage growth, which is expected to rise across all income levels. The Federal Reserve is anticipated to implement several rate hikes in the coming year, based on GDP growth estimates. Despite concerns about a potential economic slowdown due to the end of fiscal stimulus, the analysis suggests that savings from tax cuts have not been fully utilized, indicating a less severe impact on growth.

What is the expected wage growth rate according to the wage model discussed?

• 3.5%

• 2%

• 5%

• 1.5%

How many interest rate hikes is the Federal Reserve expected to implement next year?

• Two

• Four

• Three

• Five

What is the Federal Reserve's GDP growth estimate for next year?

• 3.1%

• 1.8%

• 2.5%

• 4%

What is the main reason for the anticipated slowing of growth according to the discussion?

• Reduced fiscal stimulus

• Higher interest rates

• Rising inflation

• Increased consumer spending

What is the argument against the prediction of a significant economic slowdown in 2020?

• Global economy will boost growth

• Evidence does not support a slowdown

• Tax cuts have been fully utilized

• Fiscal stimulus will increase