The Labor Department report is a gauge of how well the labor market can withstand the highest interest rates in two decades.
Tag: Interest Rates
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Markets Await the Fed’s Next Interest Rate Move
The central bank is expected to leave interest rates unchanged on Wednesday, but Wall Street is growing increasingly anxious over its next move.
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A Key Measure of Wages Grew at a Moderate Pace This Summer
The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, has come down since last year.
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Eurozone Economy Shrinks, While Price Pressures Ease
Economic growth contracted 0.1 percent last quarter, and inflation in October fell to a two-year low, a sign that high interest rates were taking a toll.
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What to Watch for as the Federal Reserve Meets This Week
Central bankers are expected to leave interest rates steady at a 22-year high of 5.25 to 5.5 percent. Investors are looking for hints at what’s next.