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Event Registration - Why is Wage Growth so Low... and Will it Stay that Way?

Monday, December 04, 2017
12:00 PM - 1:30 PM Eastern Standard Time
Meet Ups are a new, casual style of meeting that combines networking and content. Meet-ups are free of charge for members and $10.00 for all non-members. These events will take place in various office locations around Boston. Meet-ups will be scheduled at different times during the day depending on speaker availability, and attendees will be asked to bring their own lunch and refreshments. Keep an eye out for the logo on both our website and monthly newsletters!

Interested in hosting a Meet-Up at your offices? Contact us at info@cfaboston.org for further details.

Why is Wage Growth so Low… and Will it Stay that Way?

This issue is absolutely fundamental to the question of where interest rates - and, hence, asset prices - will head next year, and I will present some provocative non-consensus views on the subject, grounded in the data. I’ll argue that markets underestimate the risk of much faster wage growth, and as a result are much too complacent about the likely path of interest rates.

Ian Shepherdson is the 2014 winner of the Wall Street Journal’s annual U.S. economic forecasting competition, having previously won the contest in 2003. His mission is to present complex economic ideas in a clear, understandable and actionable manner to financial market professionals. He has worked in and around financial markets for more than 20 years, developing a strong sense for what is important to investors, traders, salespeople and risk managers.

His ability to make robust, non-consensus calls and to defend his views with hard analysis has earned him a consistent following in the markets and plaudits from the media over many years. Dr. Shepherdson has been lauded in the New York Times as "consistently right" and the Edmonton Journal calls him an "especially astute observer" of the U.S. economic scene. The London Times labelled him one of “the best economists in the City".

In recent years, Dr. Shepherdson was one of the very first analysts to predict - as early as the fall of 2005 - that a crash in the U.S. housing market would drive the economy into recession, and that a full recovery would take many years. Before that, he warned that the Fed would mistakenly adopt ultra-accommodative policy after the invasion of Iraq, and that this policy would be maintained for too long, eventually leading to inflation pressure.

Before establishing Pantheon Macroeconomics, Ian Shepherdson was the Chief U.S. Economist for High Frequency Economics. From 1996 to 1998 he was the Chief Economist, U.S.A., for HSBC, based in New York. From 1990 through 1996 Ian was based in London, latterly as the Chief U.K. Economist for HSBC.

Ian earned a PhD in Economics and a BSc in Banking and Finance from Loughborough University.

Please note, attendees are asked to bring their own lunches.

There is no charge for this event, however registration is required since space is limited.
Putnam Investments
1 Post Office Square
Boston, MA 02109
Description: Non-Members: $10.00

Please note, attendees are asked to bring their own lunches.

Registration is required since space is limited.
CE CreditCFA Boston has determined that this event qualifies for 1 CE credit hour under the guidelines of CFA Institute's Continuing Education Program. If you are a CFA Institute member, CE credit for your participation in this event will be automatically recorded in your CE tracking tool.
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