Wednesday, January 31, 2018

Chart of the Day: Wages Rising!

The Fed finished up Janet Yellen's last meeting today, and while, as expected, there was no move on interest rates, the post meeting statement reflected a positive view of growth and (rising) inflation, and the will to move the policy rate higher multiple times going forward. 

That, along with the following chart/commentary on wage growth, supports our "the bond bull market's days are numbered" thesis. And a new normal (with its attendant crosscurrents) the stock market will have to contend with:

click to enlarge
A tighter labor market may finally be starting to show up in Americans’ wallets. Total U.S. employee compensation rose in the fourth quarter and matched the biggest 12-month gain since 2008, as private-sector pay picked up, according to Labor Department figures Wednesday. Several industry groups registered wage increases of 3 percent or higher, including transportation and services such as leisure.


  1. Hobbycraft just needs to know whether you loved the products they have introduced for their customers by starting the Hobbycraft Guest Satisfaction Survey.

    clik here