Some analysts point out that the slowdown in wage growth in the U.S. labor market may be a statistical illusion rather than a widespread cooling-off. Matt Klein of the economic analysis publication *The Overshoot* argues that, when the private education and healthcare sectors are excluded, wage growth has actually remained stable or rebounded slightly. If this analysis holds true, it would mean that upward inflationary pressure from the labor market has not subsided as the surface data suggest, which would further support the Federal Reserve’s stance of maintaining “higher interest rates for longer” to achieve its 2% inflation target.