Reported 15 days ago
According to research from the San Francisco Federal Reserve, the U.S. labor market remains a contributor to inflation, although its impact has decreased compared to previous years. The economists noted that while excess demand has reduced inflation by nearly 0.75 percentage points over the past two years, it still contributes about 0.3 to 0.4 percentage points as of September 2024. This information is crucial for Federal Reserve policymakers as they navigate interest rate adjustments amidst ongoing concerns over inflation.
Source: YAHOO