BofA Merrill's Cabana Sees Inflation Gradually Picking Up

The video discusses key economic themes for 2018, focusing on inflation expectations and central bank policies. Mark Cabana from Bank of America, Merrill Lynch, shares insights on potential inflation increases and wage pressures in the US. The discussion also covers global central bank policies, including the Fed's rate hikes and the ECB's asset purchase strategies, with a focus on potential impacts from Japan's monetary policy adjustments.

What is the expected action of the Fed regarding interest rates this year as mentioned in the text?

What potential risks does the text mention regarding Japan's monetary policy and its impact on global rates?