As Construction Industry Shrinks, Goldman Challenges Fed – ValueWalk Premium
GS Shan 8 14 where jobs went

As Construction Industry Shrinks, Goldman Challenges Fed

Goldman Sachs' Hui Shan has taken up a different angle on a point that his team leader, Jan Hatzius, has previously stated is a reason not to pull interest rates higher from the mystical zero level: workers. As previously reported in ValueWalk, Hatzius has accurately noted that hourly wages remain low and thus nudging interest ever so slightly off the odd zero level means . . .

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