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1Source: “Inflation and the Labor Market”, Fed Chair Jerome Powell, https://www.federalreserve.gov/newsevents/speech/powell20221130a.htm
2Goodhart and Pradhan (2020) discuss a number of longer-term global forces impacting labor markets - the demographic effect of retiring baby boomers, ageing populations in emerging markets like China and Eastern Europe, and high demand for service-sector workers in healthcare services - in their recent book “The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival”.
3These are the underlying data used to compute the Atlanta Fed wage tracker.
Carefully consider the investment objectives, risks, charges and expenses of the fund carefully
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