Kapstream's Goldman See Limited Signs of Wage Growth

The video features Treasury Secretary Steven Mnuchin discussing U.S. sanctions on North Korea and potential Russian sanctions. He also addresses inflation concerns, noting that while it could be a worry, it is not yet a major issue. Economist Steve Goldman provides insights on wage growth and its impact on inflation, suggesting limited signs of wage growth currently. The discussion shifts to market dynamics, highlighting a recent rally in global equities and the bond market. The Federal Reserve's strategy on rate hikes is analyzed, with expectations of gradual increases. The video concludes with a focus on inflation data and its influence on future rate hikes.

What was Treasury Secretary Steven Mnuchin's stance on inflation during his talk?

• He believes inflation is a major concern.

• He thinks inflation is not yet a concern for people.

• He is unsure about the inflation trends.

• He stated inflation is decreasing.

According to Steve Goldman, what is the relationship between wage growth and inflation?

• Wage growth has no impact on inflation.

• Wage growth eventually leads to inflation.

• Wage growth immediately causes inflation.

• Wage growth always prevents inflation.

What was the market condition following the recent sell-off, as discussed by Steve Goldman?

• Japanese insurance companies were selling Treasurys.

• Everything was rallying, including global equities and commodities.

• The US dollar was soaring.

• Global equities were declining.

How has the Federal Reserve communicated its rate hike plans?

• The Fed has decided not to hike rates this year.

• The Fed has been unclear about its rate hike plans.

• The Fed plans to hike rates unexpectedly.

• The Fed has been very good at telegraphing their message of rate hikes.

What is the main concern for the Fed regarding future rate hikes?

• The level of global equities.

• The strength of the US dollar.

• Inflation, particularly wage data.

• The performance of Japanese insurance companies.