Wages growth the excuse we have to have - is the Federal Reserve avoiding a tough decision
Wages growth the excuse we have to have - is the Federal Reserve avoiding a tough decision? Despite relatively strong economic prints in the US, recent dovish statements from the central bank are prompting the market to actually push back expectations of the first increase in official rates by three months - now into the second quarter of 2015. The Fed Chairwoman has pointed to the slow pace of wage growth as a sign of 'slack in the labour market'. But domestic conditions have exceeded the Fed's own optimistic projections over the past two years and now inflation numbers are somewhat steady and the headline unemployment rate has been falling rapidly. Could this be an excuse - and does a rate hike even make a difference to wage growth? Click here for the full article from Head of Income & Fixed Interest Vimal Gor (VIEW LINK)
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