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15 Aug 2022 US Monitor Wage Growth is too Fast, but Another 75bp Hike is Unnecessary

Ian Shepherdson (Chief Economist and Founder)12th Aug 2022 15:08U.S., Daily Monitor, Weekly Monitor

Wage growth remains too fast for comfort, but it should slow as participation rebounds.

All core inflation measures are now falling despite solid wage growth; margins close to a peak.

Third quarter GDP growth is set to rebound strongly, led by inventories, but consumption looks better too.

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