Jobs Data Is a Perfect Report for the Fed, SocGen's Rajappa Says

The video discusses the Fed's perspective on wage trends, highlighting that wages haven't increased significantly, reducing inflation concerns. The focus is shifting to CPI and core PCE trends, with markets reacting positively. Wage gains are primarily in low-income jobs, but there's a shift towards middle and high-income jobs. Demographic changes, such as baby boomer retirements, are impacting wage trends.

What is the Fed's perspective on wage pressures according to the text?

What is the significance of the Phillips curve in the context of the Fed's analysis?

What does the text suggest about the relationship between low-income jobs and inflation?

In what way has the job market changed over the last year and a half according to the text?

How does the demographic shift of baby boomers retiring affect wage increases?