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Fed is Hiking when it should be Cutting [Eurodollar University, Ep. 238]

Eurodollar University

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The Fed Is Nothing More Than Symbolic

In the 19 seventies, we had much higher nominal increases in rian prices, but wages were also rising quite quickly. What about right now? Maybe wages are not rising as quickly, but the eight % relative to the wage increase is quite lousy. And so you have negative real wage growth over the last few months,. That's not inflation, again, as we've been saying all along. It's a consumer price shock. The economy's not expanding.

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