US Average Hourly Earnings “Rise” To -0.8% YoY (Too Bad Real Home Prices Are Rising At 14.34% YoY)

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Good news on the wage front. Sort of .

US REAL average hourly earnings rose in September to -0.8% YoY.

Too bad that REAL home prices are growing at a 14.4% YoY clip.

The Federal Reserve’s new motto: making home unaffordable! With help from the US Treasury.

Source: https://confoundedinterest.net/2021/10/13/victory-us-real-average-hourly-earnings-rise-to-0-8-yoy-too-bad-real-home-prices-are-rising-at-14-34-yoy-clip/

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