Worker pay rose more than expected in Q1 in another sign of persistent inflation \ stacker news ~econ

Worker pay rose more than expected in Q1 in another sign of persistent inflation www.cnbc.com/2024/04/30/worker-pay-rose-more-than-expected-in-q1-in-another-sign-of-persistent-inflation.html

0 sats \ 4 comments \ @Cje95 30 Apr econ

Further evidence of either higher rates for longer or the Fed is going to hike it again

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0 sats \ 3 replies \ @nym 30 Apr

Prices will continue to rise.

6 sats \ 2 replies \ @Cje95 OP 30 Apr

Yep. Do you think they (Fed) will implement another 25 basis point hike? I am growing to think that they just might do that.

0 sats \ 1 reply \ @nym 30 Apr

Maybe in the next quarter or two

0 sats \ 0 replies \ @Cje95 OP 30 Apr

Powell's talk on Thursday is really going to cement what they do. I know he is under pressure to cut from the Admin but it is pretty clear that inflation is bubbling and I feel if he did make that move it would roar back to life and before you know it be 5-6% again.