Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Wage-Inflation Gap Squeezing American Paychecks
Inflation is outpacing wage growth in August, creating a real income squeeze for Americans. Lucas and Luna break down the divergence between core CPI at 337.8 and average hourly earnings of thirty-seven dollars and eighty cents. They explore how sticky services inflation erodes purchasing power despite steady job openings and a flat unemployment rate of four point one percent.
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