Compensation for US workers picked up in the first three months of the year, showing that a major source of inflationary pressure persists and cementing the path for an interest rate hike at the Federal Reserve’s meeting next week. The Employment Cost Index, released Friday by the Bureau of Labor Statistics, showed that workers were paid 1.2% more in wages and benefits in the first quarter from the prior three-month period. That’s up from analysts’ expectations of 1.1%.
” Simons said a weakened jobs market, including softer wage growth, would be necessary for “the consumer to retrench and break the inflation cycle.” The Federal Reserve’s favorite inflation gauge showed that overall consumer-price increases slowed sharply in March, but a measure that strips out volatile food and energy prices saw a more moderate decline.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Federal appeals court tosses state antitrust suit seeking to break up Meta | CNN BusinessA group of states that sued to break up Facebook-parent Meta in 2020 were years too late to file their challenge and failed to make a persuasive case that the company's data policies harmed competition, a federal appeals court ruled Thursday in a sweeping victory for the tech giant.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »
First Republic may not survive, even after two multibillion-dollar bailouts | CNN BusinessThe past few weeks have been brutal for the San Francisco-based lender. Now some analysts say a collapse of the bank is imminent.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »
The US economy grew at a much slower pace in the first quarter | CNN BusinessThe US economy slowed to an annualized and seasonally adjusted rate of 1.1% in the first quarter of this year, according to GDP data released Thursday by the Department of Commerce.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »
Pending home sales fell last month for the first time since November | CNN BusinessPending home sales dropped in March, falling for the first time since November amid tight inventory and buyer uncertainty about the financial sector due to bank failures, according to data released Thursday by the National Association of Realtors.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »
Europe's economy ticks up in the first quarter | CNN BusinessEurope's economy avoided a recession over the winter, picking up pace slightly in the first quarter of 2023 despite Russia's war in Ukraine and sizable interest rate hikes aimed at fighting inflation.
Fonte: CNN - 🏆 4. / 95 Consulte Mais informação »