Barclays' Gapen Says Fed Waiting for an Inflation Rebound

The video discusses the Federal Reserve's considerations for potential rate increases, focusing on inflation targets and labor market dynamics. It highlights the importance of inflation in determining rate hikes and examines the current state of wage growth in the U.S. economy. The discussion also covers factors affecting wage growth, such as soft inflation, productivity, and nominal wage rigidity, and their implications for economic activity and consumption growth.

How does the speaker view the current state of the labor market?

What are some reasons provided for the lack of wage growth?