El Nino Could Add to US Inflation Pressures in 2027, San Francisco Fed Paper Warns
12 Articles
12 Articles
El Niño Could Raise US Inflation, Boost Jobs in 2027, Fed Study Says
A powerful warming of Pacific waters this year — a cyclical phenomenon known as El Niño — could push US prices higher and boost employment next year, according to a new economic letter from the Federal Reserve Bank of San Francisco.
The Economic Times
Times of IndiaEl Nino could add to US inflation pressures in 2027, San Francisco Fed paper warns
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.
El Nino poses 'meaningful risk' of higher inflation in 2027 ...
El Nino poses 'meaningful risk' of higher inflation in 2027, SF Fed paper says
The El Nino weather pattern that could cause a record rise in ocean temperatures in coming months poses a "meaningful risk" of higher US inflation in 2027 even as it also will likely add to employment, according to research published Monday by the San Francisco Federal Reserve.
The El Niño climate phenomenon, which can cause a record increase in ocean temperatures in the coming months, represents a significant risk of rising inflation in the United States in 2027, although it should also contribute to the generation of jobs, according to a research published this Monday by the Federal Reserve of San Francisco. The current [...]
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