Middle Wage Earners Grab a Bigger Slice of the Pie

The video discusses the growth of middle-income wages and the potential for a Fed rate increase, supported by job growth data. It highlights the seasonal adjustment issues in August job numbers and the rise of middle-income jobs. The ECB's focus on inflation and its QE program is contrasted with the Fed's broader economic considerations. The Fed's future decisions will be guided by economic data, including non-manufacturing PMI and retail sales, to determine if current trends are cyclical or structural.

What are the implications of the ECB's focus on inflation?

In what ways might the Fed's approach differ from that of the ECB?