Current location:health >>
Workers' paychecks grew faster in the first quarter, a possible concern for the Fed
health19People have gathered around
IntroductionWASHINGTON (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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Wisdom news portal”。http://sierraleone.downmusic.org/article-37b199776.html
Related articles
Ohio judge to rule Monday on whether the state’s abortion ban stands
healthCOLUMBUS, Ohio (AP) — A county judge could rule as early as Monday on Ohio’s law banning virtually a ...
【health】
Read moreBrit reveals all the wild items she bought in an American Walmart
healthA Brit has revealed all the wild items she bought in an American Walmart - as she admitted some of t ...
【health】
Read moreBrendan Steele leads LIV Adelaide by one stroke after second round at The Grange
healthADELAIDE, Australia (AP) — Three-time PGA Tour winner Brendan Steele shot an 8-under 64 Saturday to ...
【health】
Read more
Popular articles
- Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
- A tornado strikes the southern China metropolis of Guangzhou
- Brandi Glanville is 'still struggling' amid Bravo legal drama and health issues
- Ncuti Gatwa is 'terrified' as launch of his first full Doctor Who series rapidly approaches
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- Inside the head
Latest articles
Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
Joey Ortiz homers, drives in 4 runs, including winner in the 11th inning, as Brewers top Yankees 7
Uli Hoeneß and Thomas Tuchel expose divisions at Bayern Munich before Real Madrid clash
Marcus Rashford cannot be painted as an innocent victim when he is looking like the brash £315k
'The Apprentice,' about a young Donald Trump, premieres in Cannes
Indiana voters to pick party candidates in competitive, multimillion dollar primaries
LINKS
- Conservative media personality appointed to seat on Georgia State Election Board
- New Hampshire Senate tables bill inspired by state hospital shooting
- San Jose defender Bruno Wilson's fine and suspension rescinded
- NASCAR All
- Shanna Moakler, 49, poses in a bikini on her ex
- Xi, Putin jointly meet press
- Billie Eilish fans brand new song Lunch as a 'lesbian anthem' thanks to steamy lyrics
- West Virginia governor calls special session for school funding amid FAFSA issues, other proposals
- Plane passenger left FURIOUS after paying extra for a window seat
- Lakota student's feather plume cut off cap during high school commencement