Introducing Big Ideas 2023
FYI - For Your Innovation
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The Phillips Curve, Which Goes Out of Style for the Last 40 Years
The unemployment rate dropped to 3.4%, a level we have not seen since 1969. The Phillips curve, which went out of style for the last 40 years, came back into style under Chairman Powell, is going out of style again. We're seeing the challenger job layoff rate up 400% plus in the month of January. It doesn't square with what we're seeing out there elsewhere.
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