47 sats \ 3 replies \ @Undisciplined 31 Jul \ on: US Labor Costs Growth Show Significant Slowdown Amid Fed Rate Decision Pressure econ
Is that quarterly wage growth or annual wage growth reported quarterly?
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42 sats \ 2 replies \ @TomK OP 31 Jul
It's QoQ for Q2
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47 sats \ 1 reply \ @Undisciplined 31 Jul
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.
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42 sats \ 0 replies \ @TomK OP 31 Jul
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)
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