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Fed Policy
190 postsSigns of Slowing: Measuring Wages in Core Non-Housing Services
We reconstruct the White House’s core non-housing services wage index. We walk through the construction of this series, which is available for premium donors.
Causal Theme: By the Fed's "Core Services Ex Housing" Logic, The Fed's Inflation Narrative Is Due For Revision
Summary: If we focus on the domestic labor that contributes to "Core Services Ex Housing PCE" output, we see that wage growth is no longer looking...
Paid-members
Fedspeak Monitor: April 15th
A wealth of Fedspeak this week has substantially clarified whose dots were whose on the most recent SEP. Goolsbee’s dovish speech strongly suggests the lone 4.875...
