Pay and benefits increased 1 percent, down from 1.2 percent in the first three months of the year. The cooling will be welcomed by policymakers who have been worried that rapidly rising wages could make it harder to get inflation under control.
Tag: United States Economy
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The Fed’s Preferred Inflation Measure Cooled in June
The Personal Consumption Expenditures index moderated, even as consumer spending data looked strong.
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Wall St. Pessimists Are Getting Used to Being Wrong
The S&P 500 is up about 20 percent this year, but some still warn that the future may not be as rosy as that implies.
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Soft Landing Optimism Is Everywhere. That’s Happened Before.
People are often sure that the economy is going to settle down gently right before it plunges into recession, a reason for caution and humility.
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GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track
The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.