1Q workers' paychecks grew faster, increasing Employment Cost Index by 1.2%; may contribute to higher inflation and future price increases.
Workers' paychecks grew faster in Q1, potentially concerning the Federal Reserve, as compensation rose more quickly in the first three months of the year. This trend may contribute to higher inflation and raise concerns about future price increases. The Employment Cost Index increased by 1.2% in the last quarter, faster growth than the 0.9% increase in the previous quarter.
April 30, 2024
16 Articles