July’s unexpected surge in the unemployment rate drove much of the attention to the labor market as a focus in the balance of risk for monetary policy. Most of the preliminary conclusions […]
An interest rate cut to shift expectations only
Number of Waged Workers Decreased. Not seen since the Pandemic
The number of salaried workers, which excludes self-employed, decreased to levels seen in the third quarter of 2022. The annual percent change registered a negative number (-1% on an annual basis) only […]
Inflation concerns from overheated labor market may be over
Federal Reserve Officials’ concerns about the overheated labor market may be over. The focus now is on prices. Recent data on inflation suggests that the monetary policy effect on shelter prices is […]
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