FACT CHECK: Inflation has been outpacing wage growth for the vast majority of US workers for months and, based on current conditions, the downward pressure on real earnings is only likely to accelerate.
This is primarily due to the Trump regime’s rank insanity across practically all policy spheres.
marketplace.org
U.S. consumers' real earnings have been falling
The rise in oil prices and other commodities is helping to drive inflation up, with price increases outpacing wage gains.
@atrupar.comCNBC: "If you just take a step back, this is not a good print for the Fed. At a in a time when we were hoping that inflation on a monthly sequential basis was looking closer to to 2 to 2.5%, we're getting something above that...at some point, higher inflation is gonna start eating into real incomes"
