Labor market steadiness vs falling real wages clouds Fed rate outlook
Allianz Investment Management’s Charlie Ripley says the Fed’s rate decision is complicated by a stable labor market alongside negative real wage growth, citing the August report’s addition of 162,000 jobs.
1104 ET - The Federal Reserve's decision on whether to raise rates is complicated by the clash of a stable labor market with negative real wage growth, Allianz Investment Management's Charlie Ripley says in a note.
The August report's addition of 162,000 jobs reinforces a strong narrative about low…