Surging inflation, at a 40-year high, has left its clearest mark yet on US earnings, with inflation-adjusted wages falling 3% over the past 12 months. In an already tight labor market, May’s inflation data offers little positive news for the Fed. Presented by @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights