Wage inflation is rolling over across the income distribution, see chart below. A slowdown in wage inflation is exactly what the Fed is trying to achieve with tighter monetary policy. And note how it is happening without an increase in the unemployment rate. Lower...
In its 38th year and nowadays under Blackstone (formerly under Morgan Stanley), Byron Wien’s 10 potential surprises is always an interesting and quick read. You be judge of which of them would actually be surprises if they occur.
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