- Richmond Fed president Barkin: Watching very closely if will see sustained upward pressure on wages
Market news
25 May 2021
Richmond Fed president Barkin: Watching very closely if will see sustained upward pressure on wages
- Upward wage pressure is very much a lower-wage thing; not seeing it in jobs with wages $15 and up
- There's still a lot of room to grow in labour market
- The issue right now is no longer demand-side; it's supply-side
- Challenges in workforce supply likely to last to summer
- Market-based inflation expectations have not escalated beyond target; survey-based expectations are stable as well
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