bearish

US Wages Are Resurgent, Even if Markets Haven't Noticed; Keep Your Eye on Inflation

338 Views16 Jul 2021 18:09
Core CPI rose 10% annualized in 2Q2021; rentals will reflect surging house prices in 2H 2021. Wage inflation in June was 3.6%YoY on a high base. Fed will have to taper by Sept & tighten by end-2021.
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