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Is that quarterly wage growth or annual wage growth reported quarterly?
It's QoQ for Q2
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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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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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