We got another labor market indicator on Wednesday ahead of Friday’s jobs report. According to ADP, the private sector added 152,000 jobs in May. That’s fewer than were added in April, so a bit of a ...

The Phillips curve describes an inverse correlation between inflation and unemployment. It says that as inflation rises, unemployment goes down, and vice versa. The curve got its name from a New ...

The Fed cut the Fed Funds rate by 50 basis points on September 18. The Fed’s twin mandate, keeping inflation under control and aiming for low unemployment is really in the service of the American ...

About a half-century ago, my investment and economic mentor, Bradford F. Story, remarked that leaders at the Federal Reserve and Treasury would never succeed until they disabused themselves of the ...

January jobs report beats expectations, indicating accelerating momentum in the labor market. The market's reaction to the strong jobs report shows a shift in sentiment towards a more positive ...

New data covering the period since May 2023 have continued to follow the path of a nonlinear Phillips curve that shows the relationship between inflation and a particular measure of labor market slack ...

We believe that the effects of Covid on the economy and financial markets are diminishing, and we believe that the Phillips curve is supporting this. Will history repeat in the second half of this ...

Owners of iPhones can not only make movies on them, they can craft brilliant trailers in costless fashion, and that have ...

If you want to be remembered in economics, get yourself a curve. There’s the Lorenz curve, the Laffer curve, the Kuznets curve, and, probably most famous, the Phillips curve. Phillips was A.W.

Following ideas in Hume, monetary shocks are embedded in the Lagos-Wright model in a new way: There are only nominal shocks accomplished by individual transfers that are sufficiently noisy so that ...

High inflation is usually associated with a strong job market, and vice versa. The pandemic changed that. Prices are soaring at a historic pace, yet labor force participation hasn't rebounded as ...

What is the Phillips curve? What is the Phillips curve? The Phillips curve is a model that attempts to show the relationship between inflation and unemployment. Central bankers who are responsible for ...