Category: Economics

WSJ: Steady Hiring Without Wage Gains Deepens Puzzle for Fed

We keep adding jobs and the unemployment rate is extremely low.  So why don’t overall wages rise more that 2-2.5% year over a year?  Holding constant the retirement of high paid baby boomers and millennials entering the work force at starting salaries, we should still normally see more wage growth and tightness in the labor…

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NYT: Walgreens Calls Off Deal to Buy Rite Aid

The US government again helps Amazon by limiting whomever might be able to be a real competitor.   As long as prices fall, the US doesn’t seem to care about anti-trust issues. Read the full article in The New York Times

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NYT: The Low-Inflation World May Be Sticking Around Longer Than Expected

This article, recently posted in The Upshot section of The New York Times, discusses the worldwide glut of oil, steel, and workers and the implications this glut has on inflation. Inflation expectations in recent months have come back down since the election surge. Read the full article in The New York Times

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