BLOOMBERG Bloomberg Real Yield August 6, 2017
This is a rather strong economic report, but i dont think it moves markets much. The Unemployment Rate ticking down, rates beating expectations. The wage number beating expectations. I think the recovery is continuing. Until we see a look back at 2 in terms of that core inflation rate, the fed probably begins quantitative tightening, but wont raise shortterm rates this year. The one thing that we are not seeing that was commented on is Wage Inflation. Why are we not seeing Wage Inflation despite the fact that the economy is strong . We obviously would love to see Wage Inflation in the system. ...