Inflation surge erases wage gains for first time since 2023
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Inflation has outpaced wage growth for the first time since 2023, with real wages falling 0.2% year-over-year as of April. The disruption of oil exports due to the Iran war has led to increased fuel costs, contributing to higher prices for food, housing, and transportation. This rising inflation, coupled with a stable labor market, presents a dilemma for the Federal Reserve regarding interest rate decisions, with some analysts predicting a higher likelihood of rate hikes in 2026.
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