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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.
Chronology
San Francisco Fed finds El Niño raises a meaningful risk of higher US inflation and employment in 2027, complicating the policy outlook
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.
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Reporting
- El Niño Could Raise US Inflation, Boost Jobs in 2027: Fed Study
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.
- El Nino poses ’meaningful risk’ of higher inflation in 2027, SF Fed paper says
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