U.S. Inflation Persists at 3% as Labor Market Weakens
Eighteen months after Fed Chair Powell dismissed stagflation concerns, inflation remains above 3% and employment conditions are the weakest since the pandemic.
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Terms & Concepts
- Stagflation: An economic condition with stagnant growth and high inflation occurring simultaneously.
- Federal Reserve (Fed): The central bank of the United States, responsible for monetary policy and regulating financial institutions.