wage growth

Macro: Employment Cost Index

By Douglas R. Terry, CFA|2023-10-31T10:24:06-04:00October 31st, 2023|Economy|

Just confirming, wage growth is running around 4.5%. This is still elevated relative to history and not consistent with an inflation target of 2%. But the growth is coming down. Government wages actually had an uptick in the 3rd qtr. I would not expect that to continue. Disclaimer: This information is presented for informational purposes only and does not [...]

Itching To, But Not In A Rush

By Jeffrey P. Snider|2017-05-05T12:37:39-04:00May 5th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Back in March 2015, the Federal Open Market Committee (FOMC), the policymaking body of the Federal Reserve, had a problem. In reality at that particular time they had a whole range of problems, but one in particular would set them on their current course. Their overarching task as they define it is to create or foster the best set of [...]

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