Zentner: One Fed Rate Hike Still to Come in December

The transcript discusses the Federal Reserve's potential rate hikes, focusing on the challenges of achieving economic growth amid productivity issues and a shrinking labor market. It analyzes the Fed's dot plot, labor market trends, and inflation expectations, questioning the likelihood of rate hikes. The discussion also covers full employment and wage growth, highlighting uncertainties in economic indicators and the Fed's cautious approach.

What are the expectations regarding rate hikes by the Fed this year?

What factors are contributing to the optimism of policymakers for the second half of the year?

How has productivity impacted the Fed's view on potential growth rates?

What questions arise regarding the labor market and inflation expectations?

What concerns does Janet Yellen have regarding job growth and profits?

How do policymakers view the current state of employment and wage growth?

What is the significance of the natural rate of unemployment in the current economic context?