With the jobs numbers out today, we’ve been hearing a lot about this thing called the Phillips Curve. What is the Phillips Curve? It’s a theory, developed by an economist called A.W.H. Phillips, that ...

The Phillips curve essentially describes the relationship between wage inflation and unemployment as an inverse one, suggesting that reduced inflation accompanies rising unemployment. This principle ...

The Phillips curve suggests rising wages from low unemployment may increase inflation temporarily. High inflation may prompt Fed rate hikes, raising borrowing costs and wage demands. Despite ...