Fed's March Meeting Is Live for Rate Hike, Dudley Says

The transcript discusses the economic uncertainty and the Federal Reserve's forecast, highlighting the Fed's optimistic view on the economy despite concerns about inflation and employment. Insights from a press conference suggest potential rate hikes. The discussion also covers financial conditions, market reactions, and the importance of wage trends in assessing inflation. The global impact of the Fed's actions, particularly on emerging markets, is also considered.

What role do wage trends play in assessing inflation risks?

In what ways might the Fed's actions affect global financial markets?