US Employment Cost - Benefits QoQ (Q1) Q/Q 1.20% (Prev. 0.7%)
The quarterly increase in US Employment Costs for Benefits at 1.20% versus the previous quarter's 0.7% suggests rising labor costs, which could indicate tightening labor market conditions.
EU Chips Act revamp would let the Economic Commission invest directly in fabs, according to reports
Citi maintains its gold price targets at USD 4,300/oz for 0-3 months, and USD 5,000/oz for 6-12 months; adds that selling pressure on gold could remain strong in the very near term due to Middle East uncertainty
US Employment Cost - Benefits QoQ (Q1) Q/Q 1.20% (Prev. 0.7%)
ING says "edging towards a BoE hike in June", following BoE meeting (prev. saw no tightening in 2026)
Meta Platforms (META) seeks to raise as much as USD 25bln from its six-part debt sale
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This uptick may impact inflation expectations and could potentially influence Fed policy discussions on rates, as higher labor costs could contribute to sustained inflationary pressure.
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