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Labor Costs

Summary:
This is going to take all of Trump's persuasion skills to prevent the Fed from increasing the policy IOR in response to these substantial wage increases he seeks to foment...Wage gains are accelerating. That’s a welcome development for workers but a possible concern for Fed officials. https://t.co/MYoa0XlOB9 pic.twitter.com/DyW0LHQ9bO— Real Time Economics (@WSJecon) September 17, 2019

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This is going to take all of Trump's persuasion skills to prevent the Fed from increasing the policy IOR in response to these substantial wage increases he seeks to foment...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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