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30th Jul 2021 00:20U.S., Economic Monitor

Another outsized increase in the ECI measure of wages would be awkward…

…But the Fed will argue that increased labor supply in the fall will prevent inflationary wage gains.

Q2 GDP growth was depressed by a wild swing in inventories; expect a rebound in Q3.

ahe ahe data average hourly earnings capex employment fed gdp gdp growth government government spending growth housing jobless claims July labor national accounts net trade payrolls ppi productivity q2 q2 gdp q2 growth q3 remain retail September supply trade us wage gains wage growth wages

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