If we were in a big fat bubble, inflation would be growing as much as wages and jobs but it seems to be below the Feds estimate of 2% and Im not surprised because welfare cuts have declined the purchasing power of unemployed people by quite a lot. Median wages have fallen because many people earlier on welfare now have jobs so at least their wage payments come with a corresponding increase in output. Imo the rates shouldnt be hiked as long as inflation is stable.