Weak Wall Street paychecks could actually get in the way of a March interest rate hike

CNBC ---- Slower January wage growth is a big reason Wall Street believes the Federal Reserve will not feel pressed to raise interest rates next month. Bankers who want a deeper explanation may look no further than their own paychecks. In January, the financial services sector showed a steep year-over-year decline in average hourly wages, even as it added 32,000 employees, and economist Diane Swonk says the difference-maker there was a drop in annual bonuses for 2016. For more in depth information on weak Wall Street paychecks could actually get in the way of a March interest rate hike click on the picture below to learn more.