RBC's Carrier: U.S. Labor Market Not Yet at Pre-Covid Levels

The transcript discusses the renewed focus on tapering and inflation, highlighting the potential for higher inflation rates and the slow recovery of the labor market. It examines the Fed's strategy to tolerate higher inflation and the resilience of the US economy. The discussion shifts to the tech sector's recent market dynamics, advising a shift towards cyclical stocks and sustainable technologies due to expected higher bond yields.

What factors are contributing to the expectation of higher inflation in the short term?

How many jobs are currently fewer compared to pre-crisis levels in the US?

What is the projected timeline for the Fed to potentially increase interest rates?

What does Neel Kashkari suggest about raising rates in relation to the recovery?

What is the expected range for bond yields by the end of the year?

What sectors are suggested to have a bias towards cyclical stocks?

What types of technologies are recommended for investors to consider for sustainability challenges?