US Wage growth is really starting to accelerate

New data from the Atlanta Fed “shows a median wage increase of 3.3 percent in the 12 months through May, a substantially faster pace than even just a year ago—gives ammunition to central bank hawks who would like to raise interest rates in September.” The Atlanta Fed's measure is based on Census Bureau questions to thousands of households, compared to other measures that survey businesses. "We are seeing signs of wage pressure," says John Robertson, a senior policy adviser at the regional bank. Full article: (VIEW LINK)


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