US Average Hourly Earnings MoM (Feb) M/M 0.4% vs. Exp. 0.3% (Prev. 0.4%, Low. 0.2%, High. 0.4%)
Newsquawk Staff ·
US Average Hourly Earnings MoM (Feb) M/M 0.4% vs. Exp. 0.3% (Prev. 0.4%, Low. 0.2%, High. 0.4%)
What it means
The US average hourly earnings for February came in at 0.4% month-on-month, exceeding expectations of 0.3%. This stronger-than-expected wage growth could reinforce inflationary pressures, potentially influencing future Fed policy decisions regarding interest rates. Traders may adjust their positions in response to this data, particularly in markets sensitive to wage trends and inflation.
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