Coinflation

High: I think we're going to stay on the edge of our seats until we see that coinflation moves down below three %. Wages may not boost inflation, but wage bilks can keep it around a lot longer than anyone's expecting right now. High: The numbers that mike just read are concerning productivity went down, wages went up up. And so that's not the place where the fed wants to be. They want if wages are going up, it's because the economy is getting more productive, not because we have an unhealthy supply shortage.