Upper and lower bounds for CPI inflation path as implied by the central tendency growth ranges issued by the FOMC and nonvoting Reserve Bank presidents. Observations for 1999 are based on two quarters of data. Components of real GDP need not add to totals because current dollar values are deflated at the most detailed level for which all required data are available. All data are seasonally adjusted. Labor Markets a. Year to date.
Vertical line indicates break in data series due to survey redesign.
All data are seasonally adjusted. U.S. Department of Labor, Employment and Training Administration and Bureau of Labor Statistics. The Employment Cost Index a. Workers in private industry. Finance, insurance, and real estate. As of August.