With the June employment report showing that job creation remains healthy and the US economy may have reached full employment, the Federal Reserve faces a conundrum since wage growth has remained anaemic, according to Julius Baer economist Susan Joho. In June, 222,000 non-farm payrolls were created in the US, following an upwardly revised 152,000 jobs in May. This means that…
Julius Baer: Fed faces conundrum as US has reached full employment yet wage growth is flat
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