Why Are Expectations of a Fed Hike Falling?

The video discusses the current economic situation in the US, focusing on weak first-quarter growth and its impact on Federal Reserve rate hikes. Initially, four rate hikes were expected, but this has been reduced due to low inflation and wage growth. The video also highlights hidden unemployment and the effects of the US dollar's fluctuations on inflation. Despite falling unemployment, wage increases are limited to the lowest-paid segments, influenced by minimum wage laws. The recent weakening of the dollar may slightly boost inflation, but no significant pressures are developing.

What does the current situation suggest about the relationship between unemployment levels and wage rises?

What are the implications of the recent dollar weakness on the inflation rate?