Profile picture of The Hill (newspaper)
The Hill (newspaper)
B
 Jan 30
Inflation is down and the Fed didn’t do it : The belief that “it’s all about the Fed” ignores reality. Exaggerating the Fed role in fighting inflation exonerates ...
thehill.com/opinion/4434575-inflation-is-down-and-the-fed-didnt-do-it/
Inflation is down and the Fed didn’t do it 
Quick Glance: Labor Cost Data Signals Inflation Improvement
  • Recent ECI data shows significant decline in labor cost growth, indicating easing inflation and a shift in the Fed's monetary policy.

  • The Employment Cost Index (ECI), the Fed's preferred measure of labor costs, saw its smallest quarterly increase in over two years, signaling a positive change in the central bank's inflation fight.

  • ECI data for the quarter suggests a cooling of inflationary pressures within the job market, crucial for the Fed's monetary policy decisions.

  • The decline in labor cost growth supports the Fed's confidence that the current reduction in inflation is sustainable and signals a move toward more balanced labor market conditions.
109 similar articles
39
50