For years there was a push by economists to include metrics on how people perceive the economy, because that will indicate their spending patterns.
Now, ‘only look at this specific data point, that does not include rents, mortgages or food, and indicates that wages are just slightly above inflation, as long as you don’t go back more than 6.2 months of data as proof that the economy is roaring!’.
For years there was a push by economists to include metrics on how people perceive the economy, because that will indicate their spending patterns.
Now, ‘only look at this specific data point, that does not include rents, mortgages or food, and indicates that wages are just slightly above inflation, as long as you don’t go back more than 6.2 months of data as proof that the economy is roaring!’.