U.S. Wage Gains Make 2015 Fed Rate Hike More Likely: Coy

The transcript discusses the current economic situation, focusing on wage growth, the Federal Reserve's potential interest rate changes, and the impact of oil prices on consumer spending. It highlights the concept of full employment and the factors influencing wage growth. The discussion also touches on the economic challenges faced by Europe, particularly in relation to currency devaluation and trade balance.

Discuss the potential effects of a sharp drop in oil prices on American consumers.

What factors contribute to the acceleration of wage growth according to the discussion?