#wages #fed #jobsreport #yahoofinance
The June jobs report showed hourly wages up 4.4%, compared to an expected 4.2%. What does this mean for the future of the Federal Reserve’s rate hikes? Threadneedle Partner and Founder Ann Berry, TKer.co Editor Sam Ro, and Yahoo Finance’s Myles Udland and Seana Smith break down how the report may impact future rate hikes and the potential earnings recession.
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Do you believe those who believe the statistics?
Back in the day, consumers would tighten up their spending and we’d already be in a recession. Nowadays, the non saver, price insensitive, credit rolling millenials and gen z’s just keep spending as they have the parents to fall back on. Back in my day – we went out in the workforce, worked hard, learned the value of a dollar, looked for deals and made it on our own. Nowadays, the new consumer is lazy and just can”t be bothered with such boring stuff ! Rome is falling. Please teach your children well !
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