Nonconsensus

Nonconsensus

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Nonconsensus
Nonconsensus
Too Little Wage Growth and Spending & Too Much Inflation

Too Little Wage Growth and Spending & Too Much Inflation

Today's PCE report will give an updated lens into the challenges facing income-driven expansion. Households are facing an increasing squeeze with income growth slowing and little relief on prices.

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Bob Elliott
Jun 27, 2025
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Nonconsensus
Nonconsensus
Too Little Wage Growth and Spending & Too Much Inflation
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Long time readers know my nonconsensus view that the US economy has primarily experienced an income driven expansion over the last few years. Put simply, it's one where good household income growth t…

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