◀ The Principal Blog

Posts from the ‘Multi-Asset Advisors’ category

New Research on the Relationship between Wages and Inflation: Looking at Other Indicators

During the 1970s, economic research focused on the problem of the day — high inflation. And, wages were increasing at the same time as inflation. Economic theory had a nice explanation for this relationship – higher wages were passed through to consumers via higher prices. As inflation picked…

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May I Have Your Attention Please: Wage Inflation is Here!

The most significant inflation data for the United States over the last month was not the U.S. Consumer Price Index (CPI) or Personal Consumption Expenditure (PCE) deflator; it was rather the first quarter’s Employment Cost Index (ECI) report from the U.S. Bureau of Labor Statistics (BLS). (The…

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