Wage growth downtrend kills 1970s inflation fear
Housing Wire
APRIL 7, 2023
Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. As you can see in the chart below, year-over-year wage growth peaked early in 2022 and has been in a clear downtrend for some time now.
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