Anna Wong says a falling labor share in a K-shaped economy is making inflation harder to accelerate, as weaker worker income limits companies’ ability to pass on higher prices. Inflation expectations stay anchored; recent August NSA data also came in soft.
published
Anna Wong says a falling labor share in a K-shaped economy is making inflation harder to accelerate, as weaker worker income limits companies’ ability to pass on higher prices. Inflation expectations stay anchored; recent August NSA data also came in soft.
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