In an environment where productivity growth is remaining very weak, you actually don't need a particularly large rise in wage growth to be consistent with the Fed's 2 percent inflation target. Michael Pearce More Quotes by Michael Pearce More Quotes From Michael Pearce We saw a similar partisan boost to confidence following the 2016 election which was not followed by a spike in consumption, so we doubt this apparent rise in confidence signals a jump in spending either. Michael Pearce
