Is that quarterly wage growth or annual wage growth reported quarterly?
It's QoQ for Q2
reply
That's a fairly high rate of wage growth then, right? I know it's lagging inflation, but it seems like you wouldn't cut rates unless that number fell below 0.5% or so.
reply
but the path is clearly pointing in a negative direction. but I also believe that the Fed will not cut rates, but for other reasons. (ECB)
reply