Wage Inflation is Going Up, but is It Enough to Keep Up with Inflation?

PRMG HOUSING MARKET NEWS AND UPDATES: May 31st, 2023 

According to the Bureau of Labor Statistics, the March jobs report shows that wages are trying to keep pace, but they’re still lagging behind. Overall inflation is down to 5%, and the Fed is keeping a close eye on core CPI, which is showing a significant increase. It’s not quite at the 2% target yet, but we’re getting there. Keep your eyes on the numbers, folks – this economic rollercoaster is far from over! The Fed board is divided and lacking consensus, as revealed in the latest meeting’s released minutes. Job losses worry some members, while others are considering rate cuts to boost the economy in an election year. But the big question remains: how sticky will inflation be? And will job losses cause pain?