A San Francisco Fed study warns the current strong El Niño could drive US inflation up by 1 percentage point in 2027, despite temporarily boosting jobs. With inflation already above the 2% target, the climate shock adds further pressure on the Fed to raise interest rates.
A San Francisco Fed study warns the current strong El Niño could drive US inflation up by 1 percentage point in 2027, despite temporarily boosting jobs. With inflation already above the 2% target, the climate shock adds further pressure on the Fed to raise interest rates.
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