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New White House Wage Data Show Slowing Pressure on ‘Supercore’ Inflation
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New White House wage figures suggest labor-cost pressures are easing in the parts of the economy where the Federal Reserve is most concerned about inflation.
Fed Chair Jerome Powell said recently he is analyzing inflation pressures by focusing on prices for services other than housing, which includes things such as haircuts, dining out and visits to the dentist. That excludes prices for goods, food, energy and housing, the categories most distorted by the pandemic.
Read more on wsj.comAbout this in other media
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