It’s all an illusion

MarketWatch is reporting Fed’s big worry gets revised away.
A huge spike in wages and salaries in the second quarter proved to be an illusion, according to the latest data from the Bureau of Labor Statistics and the Bureau of Economic Affairs.The revisions released Wednesday show that growth in unit labor costs (and therefore in inflationary pressures) has been much lower [...]

Read entire article by Michael Shedlock

This entry was posted on November 29, 2006 at 6:17 pm and is filed under Today's Markets. You can follow any responses to this entry through the RSS 2.0 feed.