Your current location:HOME >business >Workers' paychecks grew faster in the first quarter, a possible concern for the Fed 正文
TIME:2024-05-21 23:46:25 Source: Internet compilationEdit:business
WASHINGTON (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.
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk2024-05-21 23:46
'Alarm bells go off when there's a 202024-05-21 23:05
Under mounting pressure, Biden opts to press for ceasefire in Gaza2024-05-21 22:53
Children played just yards from where headless torso was found at nature reserve, police reveal2024-05-21 22:39
Culture festival showcases integration2024-05-21 21:53
Jennifer Lopez, 54, is a fresh2024-05-21 21:42
Nokia sees double2024-05-21 21:41
Annie Kilner is seen for the first time since welcoming her fourth son with husband Kyle Walker2024-05-21 21:34
Dali cargo ship is finally brought back to port2024-05-21 21:31
Champions League semis: Bayern hosts Madrid then Dortmund welcomes PSG2024-05-21 21:27
Shooting injures 2 at Missouri high school graduation ceremony2024-05-21 23:19
Denver Nuggets realize defending their NBA championship will be a tough task in improved West2024-05-21 23:00
As the aristo2024-05-21 23:00
PSG dreaming of club treble as another French league title beckons2024-05-21 22:55
Celebrity tequila brands, like George Clooney2024-05-21 22:54
Takeaways from AP's story on the BP oil spill medical settlement's shortcomings2024-05-21 22:07
Germany arrests 2 for allegedly spying for Russia, plotting sabotage to undermine Ukraine aid2024-05-21 21:44
Richard Osman reveals his food addiction is still 'absolutely ever2024-05-21 21:41
Yu Darvish extends scoreless innings streak to 25 in Padres' 92024-05-21 21:39
Replays in the FA Cup scrapped from next season. It removes a big money2024-05-21 21:03