Surveillance: Markets with Wu Silverman
Bloomberg Surveillance
00:00
The Immaculate Disinflation of the Labor Market
There could be immaculate disinflation that's actually part of what we're seeing. I'd say that's part of the story so if you go back and you think that some of this was excess demand and some of it was a supply shock. The labor market is as tight as it's been in in my lifetime If the labor market's cooled down it's cooled down from exceptionally hot to astight as it was in the past prior cycle highs. So there I think you you know you're not going to it's unlikely to get immaculates disinflation when you're trying to reverse that.
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