SCSU’s Banaian; What Higher Wages Means For Interest Rates
SCSU’s Banaian; What Higher Wages Means For Interest Rates
SCSU’s Banaian; What Higher Wages Means For Interest Rates
The cost of goods and services have been on the steady increase. St. Cloud State University Economist King Banaian joined me on WJON. He says wages are catching up with inflation but that also carries consequences. Banaian believes if wages go up too much it will cause interest rates to stay higher for longer because the Federal Reserve will feel like inflation hasn't made enough progress and they won't cut rates.

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