What will result from America’s strangely timed fiscal stimulus?

by | February 9, 2018 2:45 pm

GOOD economic news is not always good for everyone. On February 2nd it was revealed that average hourly wages grew by 2.9% in the year to January—the fastest growth since 2009, at the end of the recession. Stocks promptly tumbled around the world (see article). Investors fretted that inflation might rise, forcing the Federal Reserve…

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