Why the Federal Reserve fears wage spikes
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 31 October 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
Recent data shows that while labor costs are still rising, they aren’t growing crazy fast. That’s good news for the Federal Reserve, which wouldn’t want to see a wage-price spiral nightmare this Halloween. In this episode, we’ll look at why the Fed is spooked by too-fast wage growth and where labor costs might be headed. Plus, an Iowa corn and soybean farmer reports a record harvest, Japan eases up on its bond yield controls and California child care workers unionize for better pay and benefits.
Transcript
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