JPMorgan's Feroli 'Pretty Confident' on March Fed Rate Hike

The transcript discusses the strength of the labor market and its impact on the Federal Reserve's plan to raise interest rates. It explores the potential resurgence of the Phillips curve, noting that wage data can be volatile. The Employment Cost Index shows signs of wage growth, although weather conditions may have distorted recent figures. Labor force participation remains stable, which is seen as positive against demographic trends. The Fed is expected to raise rates, with a March hike likely, and possibly more throughout the year.

What economic concept is discussed in relation to the labor market's strength and the Federal Reserve's interest rate plans?

• The Lorenz Curve

• The Kuznets Curve

• The Phillips Curve

• The Laffer Curve

What factor is mentioned as potentially distorting wage growth data?

• Increased productivity

• Weather conditions

• Global trade tensions

• Tax policies

How is labor force participation described in the context of inflation?

• Increasing rapidly

• Stagnant

• Decreasing

• Volatile

What is the expected number of Federal Reserve rate hikes discussed in the final section?

• Five

• Two

• Three

• Four

What is the significance of stable labor force participation in the current economic context?

• It indicates a weak labor market.

• It suggests demographic factors are irrelevant.

• It reflects cyclical strength in the labor market.

• It shows a decline in job growth.