Pimco's Kiesel Sees Higher Bond Yields in 2018

The transcript discusses the impact of recent tax cuts on the global economy, highlighting a projected increase in real growth and treasury supply. It examines the effects on consumers and corporations, noting potential increases in consumer spending, corporate profits, and share buybacks. The Federal Reserve's growth forecasts and potential rate hikes are also discussed, with an emphasis on the implications of full employment and wage pressures.

In what ways does the speaker suggest that the tax cuts will affect corporate profits?

What are the implications of the tax cuts on wage pressures in the economy?