Wage growth is slowing. Job openings are increasing, unemployment is holding, and wage growth is slowing. This was supposed to be impossible–so what does it mean that it’s happening?
Wage growth slowed in Q4 faster than consensus forecasts–-at an annualized rate just over 4%. We already noted in our preview that this would be very consistent...
What to Expect:
1. The Fed will continue moderating its pace of rate hikes, stepping down to 25 basis point hikes.
2. With favorable disinflationary data coming in...