Rivkin: Markets Underestimate the Fed on Rates

The video discusses the current economic trends, highlighting the increase in employment and wages, which boosts consumption and retail sales. It contrasts the optimistic view of the US economy by Fed officials with Wall Street's pessimism, which is influenced by global economic concerns. The discussion also touches on the potential impact of rising wages and commodity prices on corporate profits.

What concerns does the speaker mention regarding corporate profits in relation to rising wages?

According to the text, what are the implications of commodity price increases on corporate profits?