Americans’ Real Wages Are Shrinking As CPI Tops 4% For First Time In 3 Years
With expectations of a 4%-plus print, all eyes are on this morning’s CPI report as we move past April’s shutdown-related distortions. Headline CPI rose 0.5% MoM (as expected) in May, lifting prices 4.2% YoY (also as expected). The first 4%-plus print since April 2023… Core Goods prices deflated in May while Energy remains a notable contributor… CPI details: …
Americans’ Real Wages Are Shrinking As CPI Tops 4% For First Time In 3 Years Read More »