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Mike Shedlock, author / blogger at MishTalk, raises questions about recent claims by the Treasury Secretary regarding real wage growth.
The discussion centers on how wage trends under President Donald Trump measure against those under President Joe Biden, drawing attention to ongoing debate on the state of wage growth in the U.S.
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Shedlock previously highlighted a 0.4% rise in the August consumer price index and suggested a September Fed interest rate hike was likely in his analysis of inflation data. He also pointed out that political factors, in addition to inflation readings, could influence the Federal Reserve’s rate decisions, as discussed in an earlier report. These assessments provide context to his current scrutiny of wage growth claims.