Economics

Economics

Recent Trends in Individual Wage Growth
Recent Trends in Individual Wage Growth
Data analysis tracking pay gains among individual workers shows that median wage growth began accelerating in mid-2021 before peaking in mid-2022.
derek68·stlouisfed.org·
Recent Trends in Individual Wage Growth
The Economics of Christmas | INOMICS
The Economics of Christmas | INOMICS
Christmas is approaching. For many people this is a magical season, filled with songs and decorations, when you hope that all your wishes come true. Others consider Christmas to be a stressful time when you need to rush around to get presents for all your friends and family.
derek68·inomics.com·
The Economics of Christmas | INOMICS
Second Place: The First Loser
Second Place: The First Loser
Loss aversion can make coming in second place feel disappointing, while coming in third can be seen as a positive outcome because it avoids the disappointment of not achieving the goal.
derek68·jadrian.substack.com·
Second Place: The First Loser
EconExtra: Would You Bet on the Fed or the Market? - Blog
EconExtra: Would You Bet on the Fed or the Market? - Blog
Given that the holiday break is upon us, this FOMC-related post is intended to give you, the educator, food for thought if you are interested in diving a bit deeper into issues surrounding the Federal Reserve and their policies.  You never know, this could come in handy if the topic comes up during one of those holiday gatherings....   The Issue As part of this month’s FOMC, members revised their projections for economic indicators (SEP), and their interest rate projections are higher than what the market believes they will be a year from now. This made for interesting questions during the post FOMC press conference and among the talking heads afterward. (For more on the SEP, check out this EconExtra from September that explains it.)   Resources For a thorough review of what came to light in the Powell press conference this week, and how we got to where we are today and where we have been in terms of inflation, take five minutes to watch Gary Cohn on CNBC.
derek68·ngpf.org·
EconExtra: Would You Bet on the Fed or the Market? - Blog