The recent U.S. economic environment has been all but absent inflation, but that may be changing. On February 2, 2018, the Dow closed down 666 points on news that in January, wages climbed 2.9% year-over-year. The good news? A tight job market was forcing employers to pay higher wages. However, the news also sparked concerns about rising inflation and whether the Fed would combat it by raising interest rates more aggressively than anticipated.
Posted on 05.17.2018 at 1:00 PM