Watch wages, not Payrolls for Fed rate hike

10.03.2017 / 12:59

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Fed officials last week made it clear that the Central bank intends to raise interest rates in March if employment and inflation continue to move as expected.

Escalating pressure on wages in February resulting from the increase in the minimum wage in several countries at the beginning of the year, it may be more important than the pace of hiring for the decision of the Fed meeting, which consists of the 15th March

The tendency for wages slowed in the past two years, but BI Economics expect it at least to stabilize as economic conditions will improve over the next few months.

The average hourly earnings growth will provide important information on whether the labor market has witnessed increasing pressure on wages as the economy running close to full employment.

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Watch wages, not Payrolls for Fed rate hike

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