Are Higher Wages in Store for U.S. Workers?

The video discusses the US job market's ambiguity due to demographic shifts, with baby boomers retiring and millennials entering the workforce. It analyzes the Fed's October meeting minutes, highlighting a shift from labor market focus to inflation concerns. The market's reaction to these minutes was neutral, with no drastic changes. The video also explores the increase in job quitting as a sign of confidence and examines wage pressures affecting Fed guidance. Finally, it discusses future economic trends, predicting continued growth and potential Fed rate changes by mid-2015.

What does the recent trend in Americans quitting their jobs indicate?

What factors are influencing the Fed's decision on interest rates?