The pandemic and the economic shutdown it prompted have injected an inordinate amount of noise into the economic data, making policy judgments—which are always difficult—far more challenging. With those challenges, the risk of large errors that carry significant ramifications for the economy is ... READ MORE >
wage push inflation
CHART OF THE DAY: Where in the world is wage push inflation?
Much of the talk about risks to the economic outlook has been linked to the prospect of higher inflation following more than $5 trillion in federal spending to address the pandemic. But what is often missing in that discussion is the link between price volatility and wages. It is difficult to make ... READ MORE >