Data was not that bad. Real wages increased more than forecast, which was .1%, they rose .4%.
CPI, EXCLUDING energy & food was unchanged, only .1% below forecast. The strength of the dollar has dropped energy & transportation prices so is that truly a negative? Probably not imo, seeing as that will help boost the economy by allowing people to put the unspent money to use in other ways.
The fed has been looking for rising wages, and they rose more than expected, which is a good sign.
CPI, EXCLUDING energy & food was unchanged, only .1% below forecast. The strength of the dollar has dropped energy & transportation prices so is that truly a negative? Probably not imo, seeing as that will help boost the economy by allowing people to put the unspent money to use in other ways.
The fed has been looking for rising wages, and they rose more than expected, which is a good sign.