Can that real wage growth persist if the jobs market now loosens with a lag from the swingeing five percentage points of rate hikes in just 15 months?
What's more, other surveys have yet to show inflation expectations falling so sharply or lifting confidence.
The possibility of a disinflation spur to demand at this juncture may complicate that picture considerably.
Importantly, the slower fall in inflation in both Britain and the euro zone means real wage growth remains negative - unlike the latest twist stateside.
Bank of America chart on investor survey growth outlookReuters GraphicsThe opinions expressed here are those of the author, a columnist for Reutersby Mike Dolan, Twitter: @reutersMikeD.
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it's, Goldman Sachs, Dom Wilson, Mike Dolan, Alexander Smith
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