US Average Hourly Earnings YoY (Mar) Y/Y 3.5% vs. Exp. 3.8% (Prev. 3.8%, Low. 3.6%, High. 3.8%)

The US Average Hourly Earnings came in at 3.5% year-on-year, missing expectations of 3.8% and reflecting a decline from the previous reading. This miss may signal softer wage growth, potentially influencing the Fed's outlook on inflation and interest rates, which could impact USD strength and market sentiment across various asset classes.