January FOMC Minutes Warn of Inflation Risks, UK Labor Productivity Shows Signs of Recovery --- W08 Overseas Macro Highlights

SnapshotLaborer · 2026-02-23T00:47:28+00:00

According to the January FOMC meeting minutes, the Federal Reserve reached a consensus on maintaining the current interest rate, but there are disagreements about the future policy path. They believe the labor market has started to stabilize but warn of the risk that inflation may remain persistently above the target.UK labor productivity shows signs of recovery, with a strong annualized growth rate of output per hour. Due to last year's increase in employer National Insurance contributions, labor costs have risen. Total factor productivity has recently rebounded, helping to temporarily boost wage growth.

SnapshotLaborer

2026-02-23 00:47:28

According to the January FOMC meeting minutes, the Federal Reserve reached a consensus on maintaining the current interest rate, but there are disagreements about the future policy path. They believe the labor market has started to stabilize but warn of the risk of inflation remaining persistently above the target.
UK labor productivity shows signs of recovery, with strong annualized growth in output per hour. Labor costs have increased due to last year’s rise in employer National Insurance contributions. Total factor productivity has recently rebounded, helping to temporarily boost wage growth.

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