Goldman Notes Economic Statistics, Particularly Wage Growth, Might Be Getting Close to "Just Right"

Watch out for wage growth pick-up and be careful about a recession is the message from the Goldman Sachs Economic Research team. The US economy is at full employment and the US Federal Reserve is more than justified to raise interest rates so as not to fall into runaway inflation, but all statistics are not lining up on one side of the argument -- not yet.

Goldman: US economy is at full employment

“On a broad range of measures, the US economy is now at full employment,” Jan Hatzius and his research team wrote in an April 28 research note titled “Out of Room.”

As headline unemployment falls below most estimates of...