Current location:sport >>
Workers' paychecks grew faster in the first quarter, a possible concern for the Fed
sport216People have gathered around
IntroductionWASHINGTON (AP) — Pay and benefits for America’s workers grew more quickly in the first three months ...
WASHINGTON (AP) — Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve.
Compensation as measured by the government’s Employment Cost Index rose 1.2% in the January-March quarter, up from a 0.9% increase in the previous quarter, the Labor Department said Tuesday. Compared with the same quarter a year earlier, compensation growth was 4.2%, the same as the previous quarter.
The increase in wages and benefits is good for employees, to be sure, but could add to concerns at the Fed that inflation may remain too high in the coming months. The Fed is expected to keep its key short-term rate unchanged after its latest policy meeting concludes Wednesday.
Fed Chair Jerome Powell and other officials have recently backed away from signaling that the Fed will necessarily cut rates this year, after several months of higher-than-expected inflation readings. Big price increases for rents, car insurance and health care have kept inflation stubbornly above the Fed’s 2% inflation target.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Channels news portal”。http://janmayen.boluescortbayan.net/content-04f899142.html
Related articles
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
sportWASHINGTON (AP) — As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips ...
【sport】
Read moreTodd, Julie Chrisley appeal bank fraud and tax evasion convictions
sportATLANTA (AP) — Lawyers for reality TV stars Todd and Julie Chrisley, who are in prison after being c ...
【sport】
Read moreAmerican Express profits jump 34%, helped by jump in new customers, higher spending
sportNEW YORK (AP) — Credit card giant American Express posted a 34% jump in its first quarter profits on ...
【sport】
Read more
Popular articles
- Eleanor Tomlinson puts on a leggy display in sparkly black minidress as she joins co
- The US attempts a new military deal with Niger in a last ditch effort to stay
- Israeli PM announced plans to rebuild areas near Gaza border, not build inside the territory
- Emiliano Martinez is shown TWO yellow cards but little
- Celebrity tequila brands, like George Clooney
- Apple pulls WhatsApp and Threads from App Store on Beijing's orders
Latest articles
Kristin Cavallari, 37, ignores critics of her age
Standing in the shadows of giants: 1,475 statues fill the landscape beside D
Arizona State hit with NCAA sanctions for improper football recruiting visits during pandemic
5,000 flee military raids on villages in Myanmar’s Sagaing region — Radio Free Asia
Seven sneaky clauses in estate agent contracts that can cost you dear
A man gets 19 years for a downtown St. Louis crash that cost a teen volleyball player her legs
LINKS
- Israel, Iran show restraint. But for how long?
- Ukrainian and Western leaders welcome US aid package
- Mutiso Munyao pulls away from 41
- Danny Dyer 'charges fans nearly £100 for selfie and autograph during meet and greet in Liverpool'
- Bridgerton's Nicola Coughlan stuns in glittering black gown as she holds hands with co
- Sarah Ferguson remembers the late Queen Elizabeth with a sweet message on her birthday
- Horrific moment Orange County man dropkicks tiny puppy down the street
- Mutiso Munyao pulls away from 41
- Mutiso Munyao pulls away from 41
- London Marathon pays tribute to last year's winner Kelvin Kiptum, who died in car crash