I am in general agreement with Calculated Risk on this point: I also think the economy is picking up, and I agree that as slack diminishes, we will probably see real wage growth and an uptick in inflation. Moreover, note that… Continue Reading
(mostly) Beyond Macroeconomics October 16, 2014 Portland Art Museum 07:30am – 10:30am Doors open at 7am – Breakfast is served. $60 per person / $440 for a table of eight Sorry – registration is now closed. We hope to see… Continue Reading
From Bloomberg: Fed officials favoring persistent stimulus can find ammunition in weak wage growth, said Tim Duy, a professor at the University of Oregon in Eugene and a former U.S. Treasury Department economist. “Although a solid report, the doves can… Continue Reading
The BLS reported solid numbers for the labor market in June, although there may be somewhat less acceleration than meets the eye. On net, the ongoing rapid fall in the unemployment rate nudges forward my expectation of when the Fed… Continue Reading
