Sluggish labor compensation growth, in particular wage growth, has been one of the Federal Reserve's major concerns. This is a concern because the Fed links rising wage costs with subsequent inflation, which it is trying to produce, with a target of 2 percent growth in the PCE deflator.
Sluggish labor compensation growth, in particular wage growth, has been one of the Federal Reserve's major concerns. This is a concern because the Fed links rising wage costs with subsequent inflation, which it is trying to produce, with a target of 2 percent growth in the PCE deflator.
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