Trump policies to boost wages without inflation - US Treasury Secretary Mnuchin

Omkar Godbole FXStreet Contributor

Trump policies will push up wages but won't have a big impact on inflation said US Treasury Secretary Mnuchin, according to Bloomberg.

The recent data points have shown a pick up in wages as well as inflation. Wages were up 2.9% in January compared with a year earlier, the best pace since June 2009.

Mnuchin's comments come a day after Fed minutes revealed increased confidence in the need for further hikes.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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