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Research Highlights - 8/25/2022

Research Highlights - 8/25/2022

August 25, 2022
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There’s an unusual divergence between US GDI (gross domestic income) and US GDP (gross domestic product). Typically, these two metrics track very closely, as an economy’s participants earn wages, profits, and taxes from the production of goods and services. This observation taken together with lower US Productivity readings over the past two quarters may further highlight an “out of economic equilibrium” situation which may influence Federal Reserve decision making.