Washington, DC CNN —The US labor market picked up momentum in May, once again defying expectations of a slowdown.
Many economists, including those at the Fed, still expect a recession later in the year.
The labor market and signs of future disinflationThe May jobs report mostly showed that the labor market held up.
Some top economists have argued that the strong labor market has had a minor, albeit growing, impact on inflation.
Hawkish Fed officials still think the Fed’s job isn’t done.
Persons:
That’s, Joe Biden’s, ”, Philip Jefferson, Patrick Harker, “, ” Harker, It’s, ” Julia Pollak, ZipRecruiter’s, you’ve, you’d, Dave Gilbertson, hasn’t, Ben Bernanke, ” Jack Macdowell, Louis President James Bullard, Bullard, Louis Fed’s, Louis, Jerome Powell, there’s, Ian Shepherdson, Eugenio Alemán, Raymond James
Organizations:
DC CNN, Federal, Fed, Federal Reserve Bank of Philadelphia, National Association for Business Economics, CNN, Employers, of Labor Statistics, BLS, UKG, The Palisades Group, Hawkish Fed, Federal Reserve Bank of St, Louis Fed, Pantheon
Locations:
Washington, Washington ,