US wages leading indicators pointing higher – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Richard Franulovich, Research Analyst at Westpac, suggests that the Fed officials are no doubt acutely focused on the disinflation jolt coming from the strong USD, falling oil prices and weaker Chinese activity.

    Key Quotes

    “But, while the US economy is not overly strong, housing, the services sector and the labour
    market – the key to outlook – are relative bright spots. The labour market is notably firming, with an array of anecdotal leading indicators suggesting that higher wages are just around the corner. The JOLTS, NFIB and Conference Board surveys all suggest US earnings could accelerate toward 3% in 2016. March Fed hike odds are underpriced at 37%.”
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