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Posts tagged Atlanta Wage Growth Tracker
Dovish Daly? - November 13, 2018

In a recent speech, San Francisco Fed President Mary Daly gave hope to those worried that the Fed was on a set path of hiking. First she assured the crowd that the Fed was data dependent, ignoring its horrendous record of forecasting problems and the massive transmission lag. Second she highlighted benign inflation numbers. Though inflation is still contained, recent job data indicates that wage inflation is on its way.

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Fed Themes and The Consumer - October 30, 2018

Recent Federal Reserve surveys show the economy is still expanding, albeit at a slower rate, with tariffs, labor, the supply chain, and housing discussed as problems. Consumer Confidence was, however, undaunted. President Trump tweeted about the record numbers, which were partly due to strong employment growth and strong Expectation Index.

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Confident Consumers, Tightness and Tariffs - August 28, 2018

Conference Board Consumer Confidence numbers indicate solid economic growth for the remainder of 2018 with both current conditions and expectations improving. Labor tightness plagues the trucking industry in FTR's State of Freight and appears in Dallas and Richmond Fed Manufacturing numbers. Trucking is also starting to be affected by tariffs.

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US Wages and Europeans NPLs - April 24, 2018

Beige Book, Richmond Fed, and Consumer Confidence data all support anecdotal evidence from Walmart and railroad companies that indicate significant tightness in the labor market and incoming wage increases. Mario Draghi gave a speech discussing Non-Performing Loans, which could have been subject to new rules, but were instead left to bank supervisor's discretion, to the chagrin of German Andreas Dombret.

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Wage Dynamics Revisited: The American Worker - April 17, 2018

Following up on the Philips curve conundrum, a number of sources, including Axios and the New York Times, examine dynamics affecting the labor market, including the opioid epidemic, decreased geographic mobility, and problems with worker retraining. Fed data pointed to shortages in the labor pool, while the Wall Street Journal covered companies hiring skilled teenagers to make up for labor shortages.

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