US Average Hourly Earnings MoM (Apr) M/M 0.2% vs. Exp. 0.3% (Prev. 0.2%)
The US Average Hourly Earnings for April came in at 0.2% month-over-month, slightly below the expected 0.3%.
Iranian Revolutionary Leaders says that Iran will secure the region of the Persian Gulf, RNA reports
US PRE-MARKET MOVERS: CRWV, AKAM, MCHP, IREN, COIN, NKE
US Average Hourly Earnings MoM (Apr) M/M 0.2% vs. Exp. 0.3% (Prev. 0.2%)
US Secretary of State Rubio says Thursday strikes were separate from Operation Epic Fury; if missiles are fired at the US, we're going to respond
USTR Greer says goal with China is stability; China should be important buyer of US ag and medical device
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This miss may suggest a moderation in wage growth, which could have implications for inflation dynamics and the Fed's policy outlook. Markets might react by recalibrating expectations for future rate hikes given the softer earnings data.
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