Pharmaceutical costs represent about 10% of total U.S. health care expenditures, or about $325 billion each year.
Supply and demand theories suggest worker scarcity would increase the price paid for labor. This has certainly been the case during recent American expansions, when annual wage gains topped 4%.
Warm temperatures prevail in most of the United States at the moment, a trend that is mirrored in recent economic data. We don't expect conditions to cool as autumn approaches.
Monetary Policy Rules: Revisited and Giving Japan Credit
“It is a Riddle, Wrapped in a Mystery, Inside an Enigma: but Perhaps There is a Key” - Winston Churchill