The pivotal question for Fed officials is whether the climb in US pay over the past 18 months or so is a one-time bump – as companies adjust to scarce labor supply, and a realization that their workforce was under-compensated – or a pernicious feedback loop in which prices and wages drive each other up.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,
August 29, 2026