Unemployment And The Markets

  • Unemployment is at multi-decades lows and this has already got the Fed into a preemptive tightening cycle, and getting this right matters a great deal for investor returns.
  • However, the expected wage inflation spilling over into prices and/or decreasing margins has really been unusually modest, given the tight labor market.
  • There are those who seem to argue rising wages isn’t even expansionary.

Source: Unemployment And The Markets | Seeking Alpha