Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates the Federal Reserve’s efforts to tamp down inflation.
Tag: Inflation (Economics)
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The Eurozone Economy Shows Signs of Modest Growth
The countries that use the euro recorded economic expansion of 0.1 percent in the first quarter, a slight improvement over the previous quarter’s flat output.
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Higher Food Prices Bring Bigger Profits, but Consumers Start to Resist
Some of the biggest packaged food companies raised their prices last quarter and their profits rose, but some customers were starting to cut back or trade down.
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Wages and Prices Could Show a Cool-Down Before a Fed Meeting
Key wage and inflation gauges released on Friday are expected to moderate, which may give Federal Reserve officials comfort as they consider when to stop raising rates.