Inflation (again).
Tangle
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Is There a Wage Price Spirale?
There is no evidence of a wage price spiral in the current economy. The connection between a low target inflation rate and healthy nomic growth is also tenuous at best. At this point, i think there is a good argument that the fed needs to quate onquot shock the economy with the kind of interest rate hike the markets aren't already pricing in. Next month's b l s report will be the most important we've had yet after june's historically bad numbers.
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