A strong job market continues to create challenges for the Fed to reach its 2% inflation goal. Inflation remains sticky and has even reaccelerated in certain parts of the economy, especially in a few service sectors. However, the unemployment rate may not be the key or the Fed’s focus. Declining wage growth, and whether it continues to decline, may be the critical element needed for the Fed to make its first rate cut later in the year. In this video, Ross Bramwell discusses what the Fed needs to get inflation trending back down to its inflation target.
Watch here: https://youtu.be/KAXg3Vj-XDQ?si=vJkzFVlYChTqGoQP
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