Bob Sinche Says We're Dealing With a Global Phillips Curve

The video discusses employment trends in early 2018, highlighting the Fed's view on full employment and its dual mandate focusing on employment and inflation. It contrasts the domestic and global labor markets, explaining the impact on wages. The year 2018 is identified as a period of normalization for economic policies, with markets needing to adapt to reduced central bank support.

What does the Fed's categorization of the labor market suggest about employment levels in early 2018?

How does the speaker differentiate between the domestic and global labor markets?

What implications does the speaker suggest regarding wage growth in relation to the global Phillips curve?

In what ways does the speaker believe 2018 will be significant for economic normalization?

What does the speaker mean by 'markets are going to have to learn to stand on their own'?