Inflation Expectations Jump Third-Most Ever In Fed Poll
Americans' inflation expectations rose last month, according to the new vintage of the New York Fed's consumer survey, released on Monday.
That's not the best news for a Fed that wants an excuse to cut rates. Remember: Inflation has a psychological component. Expectations can become self-fulfilling. That's why policymakers are obsessive about ensuring consumers' outlook for price growth stays "well anchored."
Although expectations at the one-year horizon ticked up only slightly (thereby remain
I’m surprised the Master’s degree/higher is not larger than it is, just based on my tiny perspective. In my old specialty a Bachelor’s was sufficient enough to get one into some interesting engineering R&D, if one had the drive to learn on the job. I see a lot of job listings that require a PhD (freshly minted even better). I suspect HR is demanding the credentials because they can. And they may find out that the drive to learn on the job is something that is not measured via credentials (and that can apply all across the education spectrum).
Salaries for those with a college education and/or skills had better go up (inflationary) if entry-level, non-skilled jobs in the fast-food and healthcare industries now have minimum wages of $20/hour- as they do in California.
I cannot tell you what’s going on in the big picture, but in my fairly narrow IT specialty, for the past year I’ve been consistently seeing pay offers lower, in absolute non-inflation-adjusted terms, than I’ve seen in 25 years. Whether that’s a bellwether for anything else, I have no idea.