2min chapter

Odd Lots cover image

Jan Hatzius on the Narrow Path to Avoid a Hard Landing

Odd Lots

CHAPTER

Is the European Labor Market Overheated?

Inflation isn't just high in the us. Throw a dart at the map and there's a good chance you're going to hit a country where inflation is at lake forty year hihs. But on the labor market side, i think we still have a pretty significant difference. Yes, wage growth is acceleratingn in europe, but, you know, it's moving to three%. In the us, that's stil, relatively well behaved.

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