The labor market appears to have overshot and — we cannot apply second derivative logic to wages to dismiss that Gerard MacDonell February 7, 2023 11:28 AM
Labor share signal from productivity and cost report is little changed Gerard MacDonell February 2, 2023 9:59 AM
I will stop here. This all fits my take. The debate is whether the data conform to this take, which includes still a bit more bravado than I would have expected. But what Powell tried to communicate today seems clear. Gerard MacDonell February 1, 2023 2:56 PM
