High interest rates still haven't slowed things down, the Fed isn't gonna like that, suddenly the market thinks rate hikes are going to continue for a long time. Looking a at a graph of aggregate nominal labor income versus pre-covid trend definitely makes it look like we continue to be at risk of overheating the economy.
Favorites December 2nd 2022
Favorites December 2nd 2022
Favorites December 2nd 2022
High interest rates still haven't slowed things down, the Fed isn't gonna like that, suddenly the market thinks rate hikes are going to continue for a long time. Looking a at a graph of aggregate nominal labor income versus pre-covid trend definitely makes it look like we continue to be at risk of overheating the economy.