Fed Economists: Inflation Eroding Most Americans’ Wage Gains

Americans' wages are losing ground to inflation at a steep rate, a report on Tuesday from the Federal Reserve Bank of Dallas said, a finding that offers some support for the central bank's super-charged campaign to lower price pressures.

"Despite the stronger wage growth due to the tightness of the labor market, a majority of workers are finding their wages falling even further behind inflation," economists for the Dallas Fed wrote. A majority of workers' wages, once adjusted for inflation, "have failed to keep up with inflation in the past...