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Some labor-market indicators suggest that Federal Reserve policy makers are already behind on lifting interest rates, and supply shocks coursing through the U.S. economy would need to dissipate quickly for officials “not to be too far behind the curve,” says Deutsche Bank strategist Francis Yared. Those shocks are impacting both U.S. inflation and the labor market — where there aren’t enough workers to go around and rising wages are needed to entice or motivate them as more Americans quit their jobs, Yared, Deutsche Bank’s global head of rates research, said in an interview with MarketWatch on Thursday.
...read full article on Market Watch
