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Here’s what that could mean for the labor market — and inflation.
It’s not inflation slowing, it’s actual prices falling.
As wage growth slows, workers consider job-hopping to boost their pay; but when offered a new job, only 3-in-10 try to negotiate for a better deal.
Lumber prices have stabilized after unprecedented volatility.
That’s good news for in the fight against inflation, as long as consumers don’t cut spending so much that the economy tips into recession.
“It really is important to remember that confidence and trust really underpin our financial system,” says Emily Stewart of Vox.
A conversation with Susan M. Collins, president of the Federal Reserve Bank of Boston.
But they plan to pull back on discretionary spending.
Back then it seemed like inflation might be what economists call “transitory.” But here we are.
Jerome Powell says the Fed is committed to getting inflation down to 2%.