Control Panel: Predictions for 2023

[38Packard]

@Leap1 -

Check out this post. Seems like a 180 from FRED / BLS.

Wage-driven inflation - not seeing it

Does anyone see evidence of wage-driven inflation? I do not - if you do, please share the data! If the Fed is making policy based on the idea of wage-driven inflation, then I hope they check their data carefully (I would think they would). Over the last 5 months, inflation is running at about 2.5%, so inflation is slowing (see below chart and also A Macro analysis of consumer inflation and deflation - #5 by mostlylong). Wages have risen over the last 1 to 2 years, but less than overall infla…

'38Packard