Moreover, such
wage gains feed back into global prosperity more readily than other kinds of economic boosts, such as profits, because wage - earners use the money to buy more goods and services — precisely the economic stimulus governments have been trying to bring about since the crisis of 2008.
And such
wage gains feed back into global prosperity more readily than other kinds of economic boosts, such as profits, because wage - earners use the money to buy more goods and services — precisely the economic stimulus governments have been trying to bring about since the crisis of 2008.
Not exact matches
«Strong economic momentum and accelerating price and
wage gains should lead to three more
Fed rate hikes this year,» Kathy Bostjancic, head of U.S. macro investor services at Oxford Economics USA, wrote in response to the survey.
Forget inflation fears — Federated sees earnings as the market story of year
Fed's Quarles says it's been «quite some time» since the economy looked this good
Fed sees economy past full employment but with only «moderate»
wage gains
After January's
wage gains, analysts speculated the
Fed might add a fourth rate hike this year.
If I use the elasticity (price
gains with respect to
wage growth) from the full sample, the model predicts inflation hitting 2.8 % by the end of 2019; if I limit the sample to the 1980s, when the elasticity was at its highest, prices hit 3.7 % at the end of 2019, before which point the
Fed would surely slam on the brakes.
U.S.
wage gains are
feeding higher inflation and solid consumer spending, supporting profits in the face of rising labor costs.
«Overall, a report showing strong job growth, a falling unemployment rate, and steady
wage gains should be mildly hawkish for markets and supportive of continued but gradual
Fed rate hikes, keeping a June hike well priced above 90 per cent,» TD said.
And for all the muddle, the one thing that seems clear is that the risks to the economy and particularly the labor market — which is generating solid job growth and even some
wage gains (for which we should all give Chair Yellen and the
Fed serious credit)-- remain «asymmetric:» there's a greater risk of needlessly slowing non-inflationary growth than there is of inflation accelerating.
Even as U.S. employment
gains reduce joblessness to the lowest since 2008, the lack of consistent
wage growth may undermine the
Fed, upending conventional wisdom once more.