/biz/ - Business & Finance

>>53955427
>There's no wage price spiral.
If the Fed didn't jerk themselves off for nearly a year and dilly dally, no there wouldn't have been. But now we're seeing the people who are actively shopping for new jobs demanding more. People who this year "only" got a 5% bump hopping to understaffed competitors. Unanchored expectations.

>It's always an excuse by the political class to distract from money printing (because they like printing) as the culprit.
That's the same kind of reasoning people use when saying "greedy corporations cause inflation". People are always greedy for higher wages, what's changed is that 10 million job openings allow them to get them.

>Other half is energy
Worth noting here that, unless Biden ramps up the planned SPR sales even more, energy has bottomed. There goes that deflationary headwind.

>Which is why JPow is trying to crush their folios and coax them back for part time work.
He tried at Jackson Hole. And gave up as of last month. "Uh, I say financial conditions have actually loosened. I don't mind this market rally." was pretty clear.