TD's Misra: Expect December Fed Rate Hike and One in 2017

The transcript discusses the Federal Reserve's interest rate hike plans, highlighting the challenges of normalizing rates amid global economic weaknesses. It explores the evolving definition of 'normalization' and the Fed's struggle with labor market slack. The conversation also covers inflation trends, noting a gradual increase in core services CPI and the impact of a strong dollar on import prices. The Fed's cautious approach to rate hikes is emphasized, with a focus on the need for wage inflation data before accelerating normalization.

What indicators suggest that inflation might be increasing despite previous predictions?

What is the significance of wage inflation in the Fed's decision-making process?