Surveillance: Central Bank Policy with Nordvig
Bloomberg Surveillance
00:00
The Fed Meeting May 3rd
With inflation coming down, do we get an inflation adjusted wage, however you want to define it, that's level or increases? Well, real wages are actually slightly positive right now and that's because headline inflation has come off. But still underlying inflation less food energy is still pretty sticky and again, wages are just slightly positive. I believe we have to get to a Fed meeting May 3rd. What matters for Chairman Powell and the rest of the voters at the Fed towards May 3rd? Which part of the new economic data will matter?
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