Did the Fed Wait Too Long to Raise Rates?

The video discusses the justification for a rate hike based on improving economic indicators such as GDP and employment. It examines various inflation metrics, highlighting the Fed's focus on core PCE. The market's response to the Fed's rate path is analyzed, with a potential hawkish hike in December being considered. The video also explores the political implications of Fed decisions, especially with potential changes in FOMC members and the influence of the incoming Trump administration.

What are the concerns regarding wage inflation and its effect on the economy?

In what ways might the market's expectations for rate hikes differ from the Fed's actual plans?