US Employment Cost - Wages QoQ (Q1) Q/Q 0.80% (Prev. 0.7%)
Context
The latest US Employment Cost Index shows wages increased by 0.80% quarter-over-quarter in Q1, outperforming the previous quarter's 0.7% gain. This stronger-than-expected wage growth could suggest upward pressure on inflation and might influence future Fed rate decisions, indicating a tighter labor market than previously anticipated.
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