The Fed has long held a view internally that 3% wage growth, which is essentially where we are, will produce their 2% inflation target. It has. They worry that a further acceleration in wages w/o productivity will trigger overheating. Perspective. ===============
Dr Julia Coronado @jc_econ 2 hours ago
The NFC labor share supports that the labor market is finally tightening. Last cycle the recovery was interrupted by collapse of financial imbalances which seem like less of a threat now so it can possibly run longer. Improvement in inflation expectations/dynamics would be great!
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static chart showing this week's price action vs. the 50-week simple moving average (250 trading days )
Note - I believe that the price action history shown in the chart below is NOT using dividend-adjusted SPY price levels, such as the default price action history is at StockCharts.com ... Esignal and Stockcharts data feeds for the actual charted price history are not comparable.
the 50-week ema captured the recent low price level, as did the weekly 15,2 lower Bollinger Band
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