The Argued State of Labor and Wages

By |2014-07-31T10:27:00-04:00July 31st, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

When the BLS’s Employment Cost Index fell to a two-year low last quarter (Q1 ’14) there were no expressions of fear over “deflation” or that the economy was growing weaker, instead mostly mentioning the intended aberration of supposedly everything. There were, in fact, very few pronouncements at all at the time. Yet, what a difference a return to trend makes. [...]