WealthTrack
- Microsoft's salary freeze is the latest sign that US inflation is cooling, David Rosenberg says.
- The tech giant's move suggests a dangerous wage-price spiral isn't underway, he notes.
- The veteran economist pointed to new inflation data as evidence of slowing price growth.
Microsoft's decision to not raise salaries for its full-time employees this year, and new inflation data for April, both signal a slowing pace of price growth in the US, according to David Rosenberg.
"Adding to today's disinflation news -- Microsoft hitting the tapes stating that it won't be giving raises to full-time employees this year," the veteran economist and Rosenberg Research president said in a Wednesday tweet. "What ever happened to that 1970's wage-price spiral??"