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(RPT)MNI INTERVIEW:Fed Model Suggests Wage Growth To Normalize

(MNI) WASHINGTON

St. Louis Fed analysis of high frequency labor market data shows promising signs of declining pay growth.

(Repeats story first published on Feb 3)

High frequency U.S. pay data collected by Homebase shows "promising" signs of slowing through the first month of the year and suggests wage growth could cool to pre-Covid levels by early next year, Federal Reserve Bank of St. Louis economist Max Dvorkin told MNI Friday.

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(Repeats story first published on Feb 3)

High frequency U.S. pay data collected by Homebase shows "promising" signs of slowing through the first month of the year and suggests wage growth could cool to pre-Covid levels by early next year, Federal Reserve Bank of St. Louis economist Max Dvorkin told MNI Friday.

Keep reading...Show less