Braking Down The News

Lower Inflation Likely Requires Higher Unemployment; How High Is the Question

Quite high, if underlying inflation and the ‘natural’ unemployment rate have risen, some economists say

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How much pain will U.S. workers need to endure if inflation is to return to 2%?

Not much, say most economists. Unemployment is expected to plateau near 4.3% at the end of next year, up from 3.6% in June, according to The Wall Street Journal’s latest survey of economists.

 

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