HALISTER1: FOMC to Wait Until Sept., Given Sluggish Wages: Oxford Economics

FOMC to Wait Until Sept., Given Sluggish Wages: Oxford Economics

(Bloomberg) -- Feb. jobs report released Friday “once again puts a check mark in the Fed’s employment mandate box, but it leaves the 2% inflation box unchecked” since wage growth was sluggish, Oxford Economics’ Gregory Daco writes in note.
  • While inflation appears to be rebounding, part of that is due to “base effects”
  • “We see the Fed adopting a cautious approach,” waiting until Sept. to raise rates again
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Gregory Daco (Oxford Economics Ltd)

Topics
BGOV Finance

To de-activate this alert, click here

UUID: 7947283