The Fed's Expectations for Wage Growth in 2024

Job switchers were earning 2 percentage points more in wage growth compared to... Chris has got his head cock. I think what he means is that the growth rate is 0.6 percentage points higher for a switcher than a ... for someone who doesn't switch jobs. And now it's 1.2 percent... It hit as high as 2 percentage points. That's something that you've never seen. Longer term, and maybe a little bit less optimistic about wage growth coming down. So I would say the Fed may have to push the guests, pedal a little harder or tap the brakes, I guess, a little harder.