The Phillips Curve is being watched by the Fed and this is what is primarily pushing their decisions. For those unaware, the Phillips curve is a model using the rate in change in unemployment and inflation (actually wages to be fully accurate although I think the Fed is focusing upon PCE instead of just wage growth).
In this video I dicuss how this model uses two flawed metrics to come up wtih some pretty useless conclusions. Keep in mind, this is what the Fed is basing their decisions upon.
▶️ 3Speak