Wage growth downtrend kills 1970s inflation fear
Housing Wire
APRIL 7, 2023
Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. Let this sink in; while the labor market was booming in 2022 and 2023, the fear of a wage spiral never materialized. percent, the U.S.
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