Powell is in a real bind considering real weekly earnings are at the highest point since Covid. Common thinking is that if wages are high, rates should stay high. We are in a stagflationary cycle.
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fred.stlouisfed.org/series/LES12...
aug 1, 2025, 6:17 pm • 0 0 • view
Granted covid data is completely augmented. Weekly earnings are at the highest point in US history which is probably keeping consumer spending afloat.
aug 1, 2025, 6:18 pm • 0 0 • view