To counteract inflation which peaked at an annual rate of 9% in June of 2022, the Fed increased short term interest rates eleven times between March of 2022 and July of 2023. As inflation began to moderate, it made the first of three...
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- Tag: labor costs
During the burst of inflation that took place from early 2021 to late in 2023, our Investment Team maintained that a cooling-off in the labor market and resulting moderation in wage growth was a prerequisite for return to more normal increases in consumer...