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Regardless of Treasury Secretary Janet Yellen claiming that inflation was solely transitory and more likely to disappear, we’re seeing continued inflation. Now we see that Unit Labor Prices are up 3.2% QoQ for This autumn 2022.
Even worse, US unit labor prices rose 6.5% on a year-over-year (YoY) foundation, the WORST since 1982.
And sure, This autumn 2022 unit labor prices are up 2x the expectations.
In regular occasions, The Federal Reserve would elevate charges to chill down the economic system. The Taylor Rule suggests a Fed goal charge of 10.59% versus the present Fed charge of 4.75%. An extended technique to go!!
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