Economist Justin Wolfers warns 50bp Fed hike back on table as inflation squeeze leaves Americans 'sinking under water'

Economist Justin Wolfers says consumer prices rose 4% over the past year while wages rose 3.1%, squeezing purchasing power and leaving average workers 'sinking under water.' He warns a 50-basis-point Fed rate hike is back on the table, saying inflation is still too high.

Detected & updated continuously · Source: Nebula