![Core inflation and employment costs in the US](/.imaging/mte/efg-revamp/547x300/dam/efg/insights/2021/How-worried-should-we-be-about-US-inflation/Insight_Infocus_US_Inflation_Worries_530x480px.jpg/jcr:content/Insight_Infocus_US_Inflation_Worries_530x480px.jpg)
Core inflation and employment costs in the US
With US core inflation slow to decline, leading the Federal Reserve to postpone interest rate cuts, much attention has focused on the behaviour of employment costs as a driver of inflation. In this Macro Flash Note EFG Chief Economist Stefan Gerlach looks at how core inflation and employment costs have evolved in recent quarters.