Timiraos: Higher wage growth dashes chance of the Fed setting the stage for a summer cut

WSJ Fedwatcher Nick Timiraos is out with his latest on the Fed rate decision.

  • Disappointing inflation data dashed the changes of the Fed teeing up a summer cut
  • Now higher wage growth is raising new questions
  • Fed may need softer jobs growth to accomplish goals
  • Officials will likely have to wait for a slowdown before signaling a cut

Peter Berezin at BCA highlights how leading indicators of wage growth are pointing lower.

This article was written by Adam Button at www.forexlive.com. Source