vrijdag 28 juli 2017

Dollar Index Slumps As Wage Growth Slows To Weakest In 2 Years

After an exuberant Q1, which prompted extrapolators to confirm this is the big turnaround, escape velocity looms, and supposedly tight labor markets are finally doing what 'Phillips' said they should. Q2 has dashed economists' hopes of nirvana with the Employment Cost Index slumping to just 0.5% growth QoQ in Q2, the weakest since Q2 2015...


This does not suggest an environment in which The Fed should be 'normalizing rates' and it appears the dollar index agrees...