El-Erian Says Wage Growth Is Key to Fed's March Decision

The video discusses the factors influencing the probability of a rate hike by the Federal Reserve, focusing on employment numbers, wage growth, and inflation dynamics. It highlights the market's underpricing of a potential rate hike and the importance of understanding inflation and wage dynamics. The discussion also covers technical flows in the market and other factors like stability in Germany and fiscal policy changes.

What concerns does the Federal Reserve have regarding inflation?

What external factors influenced the market's pricing in of the rate hike?