Your current location:HOME >opinions >Workers' paychecks grew faster in the first quarter, a possible concern for the Fed 正文
TIME:2024-05-21 18:17:02 Source: Internet compilationEdit:opinions
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.
Yvette Fielding says her Most Haunted co2024-05-21 17:55
Brits face summer holiday hell as M25 is set to shut AGAIN in August2024-05-21 17:48
Stars getting 222024-05-21 17:11
New Jersey legislators advance bill overhauling state's open records law2024-05-21 17:06
Cruise worker 'murders newborn son on board ship': Shocked co2024-05-21 17:00
Jodie Turner2024-05-21 16:48
The Masked Singer: Chrissy Metz reveals identity after performing as Poodle Moth in quarterfinals2024-05-21 16:27
Apple's new iPad ad has struck a nerve online. Here's why2024-05-21 16:15
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs2024-05-21 16:09
'Cancel take2024-05-21 15:47
Sweden beats France, Britain relegated after losing to Norway at hockey worlds2024-05-21 18:14
Schauffele shoots 67 to take Wells Fargo lead. McIlroy in contention again at Quail Hollow2024-05-21 17:58
Former aide and consultant close to U.S. Rep. Cuellar plead guilty and agree to aid investigation2024-05-21 17:57
Xavier University cancels UN ambassador’s commencement speech after student outcry2024-05-21 17:33
Mohammad Mokhber: Who is Iran’s acting president?2024-05-21 17:21
Bucks' Patrick Beverley suspended 4 games without pay for actions in season2024-05-21 16:56
Airman shot by deputy doted on little sister and aimed to buy mom a house, family says2024-05-21 16:53
New York appeals court rules ethics watchdog that pursued Cuomo was created unconstitutionally2024-05-21 16:42
College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at2024-05-21 16:24
New Jersey legislators advance bill overhauling state's open records law2024-05-21 16:15