Your current location:HOME >sport >Workers' paychecks grew faster in the first quarter, a possible concern for the Fed 正文
TIME:2024-05-22 02:02:07 Source: Internet compilationEdit:sport
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.
NBA playoffs: Edwards leads Wolves to 982024-05-22 01:52
China to launch new research project on giant panda protection2024-05-22 01:33
Primary, secondary schools reopen in Ireland under phased plan2024-05-22 01:32
U.S. gov't rescinds controversial rule on int'l students: federal judge2024-05-22 01:01
Tamara Ecclestone is criticised as her daughter Fifi, 10, heads out wearing heavy make2024-05-22 00:41
U.S. CDC urges all Americans to wear masks2024-05-22 00:31
Animal husbandry sees broad prospects in digitalization2024-05-22 00:09
China's highly anticipated C919 passenger aircraft returns after debut at Singapore Airshow2024-05-22 00:09
Should you claim child benefit? What it's worth2024-05-22 00:03
Serbian president receives injection of Chinese COVID2024-05-21 23:48
Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 20252024-05-22 01:56
Egypt opens pharaonic mummies hall to visitors at new museum in Cairo2024-05-22 01:43
Charting global diplomacy: win2024-05-22 01:43
Chinese Vice Foreign Minister Ma Zhaoxu to attend G20 meeting: spokesperson2024-05-22 00:42
Trump film shocks Cannes as former US President is depicted 'raping' his then2024-05-21 23:43
Sri Lanka receives batch of China's Sinopharm vaccines2024-05-21 23:35
China to launch new research project on giant panda protection2024-05-21 23:28
Chinese, Qatari medical experts hold video conference on fighting COVID2024-05-21 23:24
Online reading or offline clubs? Young Chinese embrace both in digital era2024-05-21 23:21
China, Thailand enter 'visa2024-05-21 23:16