Wall Street’s favorite new thing to worry about may already be in the rearview mirror

 

Wall Street is worried stronger wage growth will lead the Federal Reserve to raise interest rates more quickly. Evidence from the Atlanta Fed’s Wage Growth Tracker suggests the rate of increase in earnings peaked in 2016 and has been declining since.  David Blanchflower, a former Bank of England member, tells Business Insider the unemployment rate could fall a lot further before generating undue inflation. He thinks the Fed should stop raising interest rates

Continue reading...