US labor cost growth cooled in the fourth quarter from a year earlier, reassuring Federal Reserve policymakers wage pressures are gradually diminishing and no longer a key driver of inflation.
U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress lowering inflation stalled at the end of 2024. The employment cost index (ECI),
Following a widely-held hold prediction, the FOMC dropped more hints on its inflation concerns while apparently maintaining distance from President Donald Trump.
Despite strong job gains over the past year, hiring has diverged between larger and smaller US companies. Read more here.
Cooling: U.S. labor cost growth cooled last quarter from a year earlier, reassuring Federal Reserve policymakers that wage pressures are gradually diminishing and no longer a key driver of inflation.
Federal Reserve decides not to change interest rates despite pressure from Trump
· 2d · on MSN
Federal Reserve holds interest rates steady as inflation remains above 2%
When’s the next Federal Reserve meeting? What to expect — and how it affects your finances
The Federal Reserve meets for its second two-day ... See how inflation works with the U.S. Bureau of Labor Statistics CPI Inflation Calculator, which bases its calculations on the Consumer Price ...
It was no surprise when President Donald Trump this week issued a memorandum to the heads of federal departments and agencies, essentially directing them to get their employees back to the office full-time.
Bitcoin’s momentum hinges on a critical labor market report from the United States, which may influence crypto investor sentiment leading into March. The US Bureau of Labor Statistics is set to publish its US labor market report on Feb.
While the labor market has cooled off, an aging workforce and changes to immigration will challenge recruiters this year, experts told HR Dive.
About two-thirds of fast food and counter workers in the U.S. are women, many supporting their families on those wages.
Stock futures were slightly lower on Tuesday evening, as investors turned toward the first Federal Reserve interest rate decision of 2025. Futures tied to the Dow Jones Industrial Average inched down by 28 points, or 0.06%. Nasdaq 100 futures slipped 0.2%, while S&P 500 futures declined nearly 0.2%.
The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%. That was the biggest gain in seven months
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