In the media | 10 Dec 2024
Reuters: Sharp downgrades to US unit labor costs bode well for inflation outlook
Nancy Vanden Houten
Lead Economist
“The labor market and wage growth are receding as a source of inflationary pressures,” said Nancy Vanden Houten, Lead US Economist at Oxford Economics.
Read the full article below:
To download our latest reports, please check out Resource Hub – Oxford Economics.
Tags:
You may be interested in
Post
Fourth-quarter unemployment will be below Fed’s forecast
The unemployment rate is arguably the most important statistic the Federal Reserve tracks as it assesses the risks to the employment side of its dual mandate. After a blowout payroll number, the decline in the jobless rate makes a 50bp rate cut in November unlikely.
Find Out More
Post
US population projections not as dour as Census envisions
The Census Bureau released its long-term population projections in November. They paint a more pessimistic outlook for the US than its last set released in 2017.
Find Out More
Post
FOMC minutes: Policymakers flex, markets not impressed
We were a little surprised that Fed officials had not pushed back harder against market expectations for aggressive rate cuts this year, but perhaps they wanted to let the minutes from the December meeting of the Federal Open Market Committee do the work.
Find Out More