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Economics
Cooler hiring and milder pay gains could aid inflation fight
WASHINGTON (AP) — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring .
2022 Employer Health Benefits Survey - Section 12: Health Screening and Health Promotion and Wellness Programs
Most firms offer some form of wellness program to help workers and family members identify health issues and manage chronic conditions. Some employers believe that improving the health of their wor…
Have Lags in Monetary Policy Transmission Shortened?
The Federal Open Market Committee’s monetary policy has expanded beyond changing the federal funds rate to include forward guidance and balance sheet policy. Using these tools may shorten lags in monetary policy transmitting to inflation. Using a proxy funds rate that incorporates tightening from these additional policy tools, we find evidence of a shorter lag in policy transmission to inflation since 2009, though with high associated uncertainty.
Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Third Quarter 2022 | U.S. Bureau of Economic Analysis (BEA)
Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.