Pimco’s Amey Says Fed Is Right to Be Relatively Cautious

The video discusses the Bloomberg Dollar Spot index and forecasts for the two-year Treasury yield, highlighting the market's expectations for rate hikes. It contrasts hard and soft data in economic forecasting, emphasizing the Fed's cautious approach. The discussion also covers the significance of wage growth in the USA and its impact on Fed policy. Historical perspectives on Fed decision-making are explored, referencing key figures and literature.

What is the significance of nominal wage growth in the context of the Fed's rate hikes?

How does the speaker describe the relationship between soft data and hard data?