Pantheon Macroeconomics

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30th Jan 2023 09:41U.S., Daily Monitor

  • The ECI is the best measure of wage growth, but you still need to look under the hood, not at the headline...
  • ...Private sector wages, ex-incentive pay, is the key metric, and it likely slowed further in Q4.
  • If wage growth really is slowing to a sustainable pace, the Fed will find it hard to justify a March rate hike.

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Keywords for: 31 Jan 2023 US Monitor

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