Real Average Hourly Earnings
Sep
16
2022
Labor: Snatching Defeat From The Jaws Of Victory
This year it’s been popular to say the Fed will hike interest rates until it “breaks something.” Has that not already happened? Pull up charts of the Japanese yen, the British pound, and the euro, among others. And stateside, the Fed has broken one of economists’ favorite toys: the Phillips Curve.
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