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Slowing wage growth curbs US labor costs in 2nd quarter
US Labor Costs Rise Less Than Forecast as Inflation Eases
A broad gauge of US labor cost growth closely watched by the Federal Reserve cooled in the second quarter by more than forecast, supporting a trend of gradually easing inflationary pressures.
Slowing wage gains restrain US labor costs in second quarter
U.S. labor costs increased moderately in the second quarter as private sector wages grew at the slowest pace in 3-1/2 years, more evidence that inflation was firmly on a downward trend and could help facilitate an interest rate cut in September.
Labor Costs Continue to Slow
U.S. employers' labor costs proved unexpectedly weaker than anticipated last quarter, a sign that lower interest rates could become a reality in the coming months. Compensation costs for all civilian workers in both private and government jobs climbed 0.
Fed Opens Door Further to a Sep. Rate Cut
Fed signals potential September rate cut as inflation eases
The Federal Reserve has indicated it could start lowering interest rates as early as September, following a decision by US policymakers to maintain borrowing costs at a 23-year high for the eighth consecutive meeting.
US Federal Reserve Expected To Hold Interest Rates Steady, But Opens Door To Cuts As Inflation Eases
Policymakers have been encouraged by easing price pressures, as headline inflation nears Fed's target, suggesting an interest rate cut.
Breakfast briefing: US Fed rate cuts closer now
Eyes on upcoming US Fed meeting; China struggles on; US PCE inflation eases; EU inflation expectations unchanged; UST 10yr 4.20%; gold firms and oil eases; NZ$1 = 58.9 USc; TWI-5 = 67.9
Tuko on MSN
20d
US consumer inflation eases more than expected in June
US inflation cooled more than expected in June, government data showed Thursday, a positive development for President Joe ...
13m
We just got another sign inflation is cooling
New data shows labor costs are slowing, which could give the Fed more confidence that inflation is easing ahead of deciding ...
RTE Online
5d
US Fed's favoured inflation measure cools further in June
The US Federal Reserve's favoured inflation measure eased further in June, according to government data, in more good news ...
5d
Fed’s preferred inflation measure eases to 2.5% in June, opening door for rate reduction
Most economists predict monetary body will stand pat on rates at next week’s meeting but assess a reduction in September ...
Inquirer on MSN
28m
US Fed keeps key lending rate unchanged
The US Federal Reserve left its key lending rate unchanged again on Wednesday and said it had made “some further progress” in ...
India Infoline
13d
US June inflation tapers 30 bps to 3.0%; as energy inflation eases
Energy inflation fell sharply by 270 bps in June 2024 to 1.0%. There was a sharp fall in the key components like fuel, ...
3d
Saudi bourse gains on US inflation data; Egypt falls
Saudi Arabia's stock market ended higher on Sunday, snapping a four-session losing streak, after U.S. economic data showed an ...
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