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 adjustments were made to the ECI measurement mentioned in the text?

How does the speaker describe the current wage growth compared to previous years?

What is the Fed's GDP growth estimate for the current year and the next year?

What concerns do people have regarding the economy in 2020 according to the text?

What evidence does the speaker provide regarding the impact of fiscal stimulus on the economy?