Telos CEO Discusses US Economy, Soft Landing Chances, and Inflation Concerns on Nostr: Weak US Productivity Poses Challenges to Fed's 'Soft Landing' Strategy ...
Weak US Productivity Poses Challenges to Fed's 'Soft Landing' Strategy
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#a6c7f3e2 ver:0.39
Weaker productivity gains in Q1 2024 pose challenges to the Fed's 'soft landing' strategy. Worker productivity only rose 0.3% annually, compared to over 3% in previous quarters. Unit labor costs jumped 4.7%, the fastest increase in a year. Fed Chair Powell remains optimistic about inflation, but it may take longer than expected. April employment report will provide insight into job and wage growth. Fed aims to avoid jeopardizing unemployment below 4% for 26 months. Powell's approach is cautious and patient, letting current policy rate take effect. #Fed #productivity #economy...
#newstr #UsProductivity #FederalReserve #Inflation #Unemployment
https://here.news/story/a6c7f3e2?ver=0.39
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#a6c7f3e2 ver:0.39
Weaker productivity gains in Q1 2024 pose challenges to the Fed's 'soft landing' strategy. Worker productivity only rose 0.3% annually, compared to over 3% in previous quarters. Unit labor costs jumped 4.7%, the fastest increase in a year. Fed Chair Powell remains optimistic about inflation, but it may take longer than expected. April employment report will provide insight into job and wage growth. Fed aims to avoid jeopardizing unemployment below 4% for 26 months. Powell's approach is cautious and patient, letting current policy rate take effect. #Fed #productivity #economy...
#newstr #UsProductivity #FederalReserve #Inflation #Unemployment
https://here.news/story/a6c7f3e2?ver=0.39