US Average Hourly Earnings YoY (Dec) Y/Y 3.8% vs. Exp. 3.6% (Prev. 3.5% )
The US Average Hourly Earnings coming in at 3.8% YoY, exceeding expectations of 3.6%, suggests stronger wage growth than anticipated.
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US Average Hourly Earnings YoY (Dec) Y/Y 3.8% vs. Exp. 3.6% (Prev. 3.5% )
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This bolsters inflationary pressures, which may lead to reevaluation of Fed policy regarding interest rates, likely supporting a more hawkish outlook in forthcoming meetings. The revision from the previous figure of 3.5% further underscores an upward trend in wage growth, indicating a tightening labor market.
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