Fed eyes sluggish wage growth
6/8/202625 min
Averages wages grew 3.4% year over year, but at the same time, inflation as measured by the consumer price index, has been eating away at those gains. Workers don’t want to lose purchasing power — rising inflation will feel like a pay cut — but the Fed may see things a bit differently. Plus: Home cooks are a bright spot in Campbell’s soup sales, the owner of Vimeo, AOL, and WeTransfer files for an IPO, and a former diplomat rehabs old movie theaters.
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Kai Ryssdal· Host0:59
[instrumental music] We'll do wages and prices. We'll do companies you probably didn't know are actually companies anymore. And why would you cut up a perfectly good house and truck it all the way across town? From American Public Media, this is Marketplace. [upbeat music] In Los