US Real Average Weekly Earnings YoY declined 0.3% in February.
This continues the downward trend that began in 2015. And nominal hourly warnings for NFP Production % NonSupervisory workers continues to be the worst wage recovery after a recession since 1965.
Liquidity moves markets!Click here to learn how you can follow the money.
Let’s see what The Fed’s Open Market Committee does this afternoon.
“I do solemnly swear that I will ignore declining real weekly earnings when deciding to raise rates today.”
Wall Street Examiner Disclaimer:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am also a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases promotional consideration is paid on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.