Citigroup's Mann Says Fed May Hike Key Rate This Year

The video discusses economic expectations for Europe and the US, focusing on inflation and its impact on the Federal Reserve's rate decisions. It explores the Fed's mandates, including price stability, full employment, and financial market stability. The potential for inflation surprises due to tariffs, rising wages, and interest expenses is highlighted. The video concludes with a prediction that the Fed will likely hike rates mid-year.

What potential factors could lead to upward pressure on costs according to the text?

What is the teacher's prediction regarding the Fed's key rate hike this year?