Reported about 11 hours ago
In January, the US economy saw a creation of 143,000 jobs, falling below the projected 175,000. EY Chief Economist Gregory Daco discussed the implications of this underperformance on inflation trends, revealing a paradox in policies seen as inflationary despite being a concern for voters. He cautioned that rising inflation expectations could lead consumers to be more conservative with spending, though a strong labor market and non-inflationary wage growth currently support income and spending. Daco noted potential risks within the economy due to these emerging inflationary pressures.
Source: YAHOO