Telos CEO Discusses US Economy, Soft Landing Chances, and Inflation Concerns on Nostr: Weaker US Productivity Poses Challenges to Fed's 'Soft Landing' Strategy ...
Weaker US Productivity Poses Challenges to Fed's 'Soft Landing' Strategy
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#a6c7f3e2 ver:0.4
Weaker productivity gains in Q1 2024 challenge Fed's 'soft landing' strategy for US economy. Worker productivity rose only 0.3% annually, while unit labor costs jumped 4.7%. Fed Chair Powell remains optimistic about inflation, but acknowledges it may take longer than expected. April employment report will provide insight into job and wage growth. Fed aims to avoid jeopardizing unemployment streak below 4% for 26 months. Powell takes cautious and patient stance, letting current policy rate take effect. #USFed #economy #productivity...
#newstr #UsProductivity #FederalReserve #Inflation #Unemployment
https://here.news/story/a6c7f3e2?ver=0.4
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#a6c7f3e2 ver:0.4
Weaker productivity gains in Q1 2024 challenge Fed's 'soft landing' strategy for US economy. Worker productivity rose only 0.3% annually, while unit labor costs jumped 4.7%. Fed Chair Powell remains optimistic about inflation, but acknowledges it may take longer than expected. April employment report will provide insight into job and wage growth. Fed aims to avoid jeopardizing unemployment streak below 4% for 26 months. Powell takes cautious and patient stance, letting current policy rate take effect. #USFed #economy #productivity...
#newstr #UsProductivity #FederalReserve #Inflation #Unemployment
https://here.news/story/a6c7f3e2?ver=0.4