Talking wages
Low productivity growth has held back wage growth
Wage growth has picked up somewhat
There's not been a dramatic increase in wages in recent years
We expect the labour market to improve somewhat further
We must take care not to let the labour market get too tight
Here's the Fed's next excuse for not hiking.
The jobs market is strong but the day we get our first negative NFP for years, the USD toys will get thrown right out of the pram.
