Commentary: False Alarm On Wages. Someone Go Tell The FedAaron Bernstein
The pressure on the Federal Reserve Board to raise interest rates eased recently, after the Labor Dept. said that consumer prices edged up a mere 0.1% in August. Still, Wall Street bond hawks worry that spreading labor shortages are driving up wages, which could spark inflation six months to a year from now. So some still are pushing for a small rate hike when the Fed meets on Sept. 24.
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