Is further wage pressure to be feared in the US?

Above-potential real GDP growth, a new boom in job creation, an equity market at an all-time high... is this really what we would expect from an economy making a soft landing? Against this backdrop, the risk of an overheated labour market could return, rekindling wage pressure and jeopardising the disinflationary trend. However, beneath the surface, business conditions are less buoyant. Outside the public and semi-public sectors, employment has moderated. Several large companies ...