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Heather Long: Inflation erases U.S. wage gains despite 3.1% growth

Heather Long: Inflation erases U.S. wage gains despite 3.1% growth
Inflation outpaces U.S. wage growth

Heather Long highlights the financial challenges facing Americans as inflation has wiped out wage gains since April.

According to Long, wage growth over the past year was 3.1%, while inflation reached 3.4%. As a result, many U.S. households are being forced to tighten budgets and make difficult spending choices.

Long previously noted that the 30-year U.S. bond yield has returned to 5.25 percent, reversing much of Bessent's recent intervention. In another report, she observed that Janet Yellen was maintaining a flexible stance on interest rates as recent economic data remained largely favorable. These developments reflect recent pressures in fixed income and monetary policy.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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