Despite Fed Concerns, Here’s Why Wage Growth Should Be Allowed To Continue

Despite Fed Concerns, Here’s Why Wage Growth Should Be Allowed To Continue

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The Federal Reserve continues to believe that U.S. wage growth is too high and contributing to inflation, according to recent comments from Fed Chair Jerome Powell. The Employment Cost Index, the most commonly watched measure of labor costs to employers, rose 4.3% in Q3 of 2023 and 4.4% over the…

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