The Federal Reserve has begun preparing the public and markets for higher inflation, but has left unanswered the question of how high inflation might go and for how long?
U.S. labor costs rose less than expected in the fourth quarter, pointing to low inflation even as anecdotal evidence suggests that wage growth is picking up as the labor market tightens.
U.S. consumer spending rose more than expected in September as households boosted purchases of motor vehicles and inflation increased steadily, which could bolster expectations of an interest rate hike from the Federal Reserve in December.

There are signs a tightening U.S.

Americans are becoming more apt to quit their jobs, a government report showed on Tuesday, a sign that a stronger labor market and falling unemployment

Last week had an all-time low of unemployment filings. What does that say about our labor market?
Geopolitics are influencing all investment areas in unpredictable ways.
El-Erian thinks this jobs report indicates that the breakout moment for wages has finally arrived.
A stronger economy caused companies to boost hiring, leading to a positive cycle f job growth and increased spending.
Wages and salaries in the U.S. rose at a slower pace than expected, even with an increase in jobs in 2014 and an expanding U.S. economy.