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12th Aug 2022 15:11U.S., Daily Monitor

The current pace of unit labor costs growth, if sustained, is incompatible with the inflation target…

…But wage growth will slow next year, and productivity growth will rebound. 

More immediately, disinflation over the next year will be driven by margin re-compression.

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construction core pce core pce inflation core PPI disinflation fed headline growth homebuilders housing starts July June labor labor costs manufacturing mortgage mortgage rates oil oil prices pce pce inflation ppi productivity productivity growth surveys u.s. unit labor costs utilities wage growth

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Keywords for: 16 Aug 2022 US Monitor

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