El Nino could add to US inflation pressures in 2027, San Francisco Fed paper warns
60-Word AI Digest
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.
Key Takeaways
- 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.
- Full details and original dispatch available below.
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.
Original Publisher Attribution
This summary was curated from Economic Times.