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San Francisco Fed report: US labor market continues to increase inflationary pressures
The tight U.S. labor market is still increasing inflationary pressures, albeit to a lesser extent than in 2022 and 2023, according to research published Monday by the San Francisco Fed. "Declining demand for labor has depressed inflation by nearly 0.75 percentage points over the past two years," wrote San Francisco Fed economists Regis Barnichon and Adam Hale Shapiro. "However, high demand is still contributing 0.3 to 0.4 percentage points to inflation through September 2024." The San Francisco ...
2024-11-18 22:36:33
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