US Fed not banking on wage growth before hiking rates via ForexLive

So says the WSJ's Fed  watcher John Hilsenrath in a piece just published. Thanks to our friends at Livesquawk for the heads up "Federal Reserve officials have fuzzy views on how wage growth fits in with their objectives for the economy. They would like to see wages growing faster. It would give them confidence that the economy is closer to their dual goals of producing healthy job growth and modestly rising inflation. But the linkages between wages, jobs and inflation are unclear, and so they're not banking on faster wage growth materializing"