Surveillance: Smart Fed Policy with Garvey
Bloomberg Surveillance
00:00
Do Unit Labor Costs Lead to Wage Price Spiraling?
productivity numbers in year-and-year terms are actually deep into negative territory, almost down 2%. So we have very strong job gains and an economy that is slowing. The inconsistency can last for at least multiple quarters," says Michael McKee of BMP Parry by the Chief US Economist.
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