August 20, 2022
INFLATION IS ALWAYS A FUNCTION OF WAGE HIKES:
Wages are now the hottest inflation signal. Here's what that means for the Federal Reserve and the markets (Eric Rosenbaum, 8/20/22, CNBC)
The latest consumer and producer price data presented key evidence that inflation is easing, but the one key inflation read for the Federal Reserve that has not cooled off: wage growth. While recent CPI and PPI came in lower than expectations, and were received by the market with relief, the latest jobs report and wage growth data remain hot.
Posted by Orrin Judd at August 20, 2022 5:31 PM