wage pressures

Exposed Inflation Bubble

Wait, wait, wait. Hold up. The Federal Reserve just concluded its near two-year long Grand Strategy Review. The purpose, in its most basic component, was to figure out why inflation hadn’t shown up in the manner everyone at the Federal Reserve spent years promising even though the unemployment tumbled to 50-year lows. The labor market was so tight, inflation was guaranteed. [...]

Economists Try To Calculate The Wages of Angels Dancing On Pinheads

By Jeffrey P. Snider|2014-08-05T14:10:12-04:00August 5th, 2014|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Janet Yellen began the debate, loosely termed, when she classified recent CPI and other measures of price changes as “noisy.” That created sort of an odd wedge between the FOMC policymaking orthodoxy and the wider set of orthodox economists that typically share the same exact dispositions on everything (especially since one feeds the other). The former “need” such badly calibrated [...]

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