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progree

(13,089 posts)
9. Employment Cost Index (considered best indicator of wages and salaries and the Fed's preferred
Mon Jun 26, 2023, 02:41 PM
Jun 2023

measure of such) --

https://www.democraticunderground.com/10143067288#post4


Although the last reading of real (meaning inflation-adjusted) wages and salaries is still 3.7% below the peak, and 3.4% below the Q1.2021 value, it has been beginning to turn up the in the last 2 quarters.

Coming soon ... The PCE inflation report comes out this Friday (the Federal Reserve's preferred indicator of inflation).

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