Beginning Of The Rate Cutting Cycle, Time To Be Bullish? | Weekly Roundup
Supply Shock
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Interpreting Economic Data and the Impact of Immigration on Unemployment
The chapter explores the interpretation of economic data showing a slowdown in the economy despite GDP growth above 5%, discussing the new inflationary regime and the role of immigration in influencing unemployment to potentially lower inflation. It delves into differences in employment levels between foreign-born and native-born workers, the variations in wage growth based on education levels, and the implications of inflation on different segments of society, including creditors. The conversation also touches on market implications of current disinflationary trends and differing perspectives on inflation between market-based and labor data.
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