(Global Stagflation)(Jumbo rate hikes needed, between 1 and 2 percentage point range) - '..new labor deal with big raises.'

'UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday.'

- UPS workers approve massive new labor deal with big raises, August 22, 2023



Context

UK’s Fast-Growing Wages Put Another Jumbo Rate Hike on the Cards, August 15, 2023

NY Fed finds record wage expectations in July consumer survey, August 21, 2023

(Global Stagflation) - 'Record wage growth and sticky inflation..' - 'UAW demands 46% pay hike .. to offset severe impact of inflation..'


(Global Stagflation)(QE Was a Colossal Policy Mistake) - '..wage earners have to get a 14.8 per cent wage increase just to hold even with this kind of inflation..'

(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'