US interest rate increase isn't a given, not by any means. My reading is that their economy just isn't doing enough to warrant economic impediments.
Now consider what will happen should the FED not raise rates this year or even by mid next year: has the FED then lost control of the US economy? If this happens there will be the mother of all corrections, the USD will tank and gold will go ballistic.
Yellen will have to confuse markets more than she has now. US wage growth must start increasing by more than a few measly cents per month.
