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Showing 11 - 20 of 164 results for "Labor market"

Chief economist update: The US inflation dilemma

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... and the public health issues, that we don't get our kids back to school". "There remains tremendous slack in the labor market, and it would take unprecedented job growth to return to full employment in the next few years." Madam Yellen's is backed by ...

Chief economist update: Taper talks are premature

BENJAMIN ONG  |  FRIDAY, 29 JAN 2021
... for the federal funds rate at zero to 0.25% and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
... for the federal funds rate at zero to 0.25% and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen ...

Chief economist update: V in US recovery at risk

BENJAMIN ONG  |  MONDAY, 7 SEP 2020
... of decline since hitting a record high 14.7% in April this year. According to the BLS: "These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic ...

Chief economist update: Fed heads for the mountain

BENJAMIN ONG  |  FRIDAY, 28 AUG 2020
... non-accelerating inflation rate of unemployment (or "u-star") because of the "muted responsiveness of inflation to labor market tightness". The chart below affirms Powell's statement. US inflation remained muted (below or not much above the 2% target) ...

Chief economist update: Worse news is better news

BENJAMIN ONG  |  THURSDAY, 20 AUG 2020
... economy was experiencing, strong fiscal policy support would be necessary to encourage expeditious improvements in labor market conditions." Health maybe wealth but in the US of A, wealth -- i.e., more money -- trumps (pun intended) health.

Chief economist update: Good US employment news is not so good

BENJAMIN ONG  |  MONDAY, 10 AUG 2020
... 1.4 million jobs - and the unemployment rate declined to 10.2%. As the BLS explained: "These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and ...

Chief economist update: No escaping the inverted yield curve

BENJAMIN ONG  |  MONDAY, 4 MAY 2020
... near our symmetric 2% goal". Ergo, "...the current stance of monetary policy will support sustained growth, a strong labor market, and inflation near our symmetric 2% objective." In other words... the Fed is done cutting interest rates. This optimism ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation returning to the Committee's symmetric 2 percent objective," it said. But hold your horses. Recall ...