Navigating Inflation and Wage Growth

This chapter explores recent market movements and the implications of improving inflation in the services sector, while also addressing the risks posed by rising wage growth to the Federal Reserve's policies. Discussions include the performance of stocks and bonds, the significance of the yield curve, and the labor market's status post-elections. The chapter emphasizes the delicate balance needed in predicting economic outcomes amidst uncertainties surrounding trade, tariffs, and fiscal policies.