I am prepared to modify my previous post to say that the reaction to wages growth is benign and slightly positive to barely noticeable.
Just one more factoid for Mr Market to digest while the macro works itself out.
Something like that.
So, now it is the wage to inflation gap? How does that play out? Overthinking it?
IMHO DYOR
Ann: ANZ completes Institutional Entitlement Offer, page-177
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