Spencer Jakab

speaker

981 appearances 14 recordings 1 series first heard Jul 2017 last heard Jun 2021

Spencer Jakab’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Prepared for a Rainy Day? U.S. Savings Rate Remarkably Low · 1 Nov 2017 podcast

The rules are a little stricter and the purse strings are tighter at banks. voice-verified

Yeah. voice-verified

So, I don't want to alarm people, but it's not a positive sign that the savings rate is so low, generally speaking. voice-verified

It might. voice-verified

It's very difficult to say. voice-verified

So wage growth is finally showing some signs of life. voice-verified

And to a large extent, it's coming from the less educated parts of the workforce, where you can see it just walking around on the street. voice-verified

There are people looking in restaurants and stuff like that, higher starting wages than you'd expect. voice-verified

Walmart and companies like that are having to raise wages significantly. voice-verified

to keep entry-level workers. voice-verified

So you do have more tightness there. voice-verified

Some of it may also have to do with immigration, fewer undocumented aliens coming to take some of those jobs or jobs that are equivalent to those. voice-verified

And so you're seeing some pressure. voice-verified

And if you see some pressure and it feeds through to inflation and inflationary expectations, voice-verified

then that has implications for investors because, A, corporate profits are going to come under some pressure. voice-verified

Companies are going to have to pay up more for labor. voice-verified

And, B, interest rates are going to continue ticking higher because the Fed is going to feel comfortable, especially if it sees signs of inflation at the national level, to keep raising rates. voice-verified

And that's the two things that it's really looking for. voice-verified

The two missing pieces of the puzzle are wage gains, more robust wage gains, and quicker inflation, 2% plus. voice-verified

WSJ Your Money Briefing · Natural Gas Prices Could Rise This Winter Despite Glut · 25 Oct 2017 podcast

It does. matched

Showing 841–860 of 981 · page 43 of 50