Stock markets may not reflect the real economy, but sharp gains in stock prices in the U.S. bring more than just a psychological lift for many households. The growth of compensation paid in the form of stock may strengthen the link between labor and real economic pressure.
One of the main puzzles in recent years has been how post-pandemic swings in inflation and rates, as well as political and trade uncertainty, have not steered the broad U.S. economy into a recession. READ MORE
