Do Firms Expect Persistent Pricing Pressures — And Does Automation Make a Difference?

 June 20, 2024

Over the last year, inflation has eased meaningfully from its post-pandemic peak, but it has remained above the FOMC's percent target. This occurred despite a persistently strong labor market with robust job growth and unemployment near 4 percent. At the same time, a proliferation of news articles about the pervasiveness of automation and artificial intelligence, along with studies about their impact on jobs and wages, motivated us to examine whether automation has helped firms offset pricing pressures, including through lower labor costs. Read more in Research & Commentary >

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