Your current location:HOME >travel >Workers' paychecks grew faster in the first quarter, a possible concern for the Fed 正文
TIME:2024-05-21 18:22:04 Source: Internet compilationEdit:travel
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.
Amtrak train hits pickup truck in upstate New York, 3 dead including child2024-05-21 18:15
Meghan Markle touches down in LAX in £990 sweater, a £2,900 blazer and £815 shoes after marathon 182024-05-21 17:51
White Sox acquire outfielder Corey Julks from Astros, recall outfielder Dominic Fletcher2024-05-21 17:21
Kate Upton is a blonde bombshell in skintight black dress and sky2024-05-21 16:55
Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry2024-05-21 16:48
Hungary will vote against U.N. resolution commemorating the 1995 genocide in Bosnia, minister says2024-05-21 16:44
US border arrests fall in April, bucking usual spring increase as Mexico steps up enforcement2024-05-21 16:11
Adley Rutschman's 22024-05-21 16:10
Mohammad Mokhber: Who is Iran’s acting president?2024-05-21 16:09
Blackout 2024: Why are social media users blocking celebrities?2024-05-21 15:43
Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS2024-05-21 17:39
Angela Bassett pays tribute to 92024-05-21 17:09
Broadway's superstar couple Orfeh and Andy Karl announce split after 23 years of marriage2024-05-21 16:55
FIFA members to vote on the host of the 2027 Women's World Cup2024-05-21 16:48
Celebrity birthdays for the week of May 262024-05-21 16:35
Reported sex assaults in the US military have dropped2024-05-21 16:34
Curran's all2024-05-21 16:30
William Contreras leads the way as Brewers hit 5 homers off Martín Pérez in 102024-05-21 16:14
'The Apprentice,' about a young Donald Trump, premieres in Cannes2024-05-21 15:50
Phillip Schofield returns to the limelight: Ex2024-05-21 15:47