Your current location:HOME >health >Workers' paychecks grew faster in the first quarter, a possible concern for the Fed 正文
TIME:2024-05-21 20:43:50 Source: Internet compilationEdit:health
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.
Russian theater director and playwright go on trial over a play authorities say justifies terrorism2024-05-21 20:33
F1 driver Alex Albon signs a multiyear contract extension with Williams2024-05-21 20:00
Rory McIlroy dealing with another distraction on eve of PGA Championship2024-05-21 19:53
Remains of Michigan soldier killed in 1950 during Korean War have been identified, military says2024-05-21 19:40
Rishi Sunak to apologise for worst treatment disaster in NHS history2024-05-21 19:31
Guatemalan court orders release of journalist jailed for nearly 2 years on money laundering charges2024-05-21 19:08
Curran's all2024-05-21 18:52
Slovakian Prime Minister Robert Fico shot and is fighting for his life2024-05-21 18:41
Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy2024-05-21 18:38
From a toothless Queen Elizabeth II to a semi2024-05-21 18:13
Harris accepts debate invite to face off with Trump's VP pick, which may come at convention2024-05-21 20:43
Blackout 2024: Why are social media users blocking celebrities?2024-05-21 19:41
Kate Upton is a blonde bombshell in skintight black dress and sky2024-05-21 19:28
Jürgen Klopp's longtime Liverpool assistant Pep Lijnders hired to coach Salzburg2024-05-21 19:19
Defending champion South Carolina to open season in Las Vegas against Michigan2024-05-21 19:12
An Islamist group used child soldiers in Mozambique attacks, says Human Rights Watch2024-05-21 18:44
Cancer claims Iditarod champion Rick Mackey. His father and brother also won famed Alaska race2024-05-21 18:28
Fat pride influencer who says other passengers should fund free seats for plus2024-05-21 18:22
Nadal returns to Roland Garros to practice amid doubts over fitness and form2024-05-21 18:15
Phillip Schofield returns to the limelight: Ex2024-05-21 18:06