• 11/11/2024

Higher Wages Weren’t the Driving Force for Inflation, Cleveland Fed Researchers Say

Wall Street Journal

Two researchers at the Cleveland Fed pin inflation on supply-chain shocks and related factors, concluding that elevated wage growth was in response to rising prices for goods and services.

https://www.wsj.com/articles/higher-wages-werent-the-driving-force-for-inflation-cleveland-fed-researchers-say-a9c49fda