US Employment Cost Index QoQ (Q4) Q/Q 0.7% vs. Exp. 0.8% (Prev. 0.8%, Low. 0.7%, High. 0.9%)
The US Employment Cost Index for Q4 came in at 0.7%, slightly below the expected 0.8% and matching the previous quarter's figure.
Marriott (MAR) exec. says higher-end consumers remain resilient and continue to prioritise spending on experience and travel over goods
Bank of America (BAC) CEO feels good about markets and IB
US Employment Cost Index QoQ (Q4) Q/Q 0.7% vs. Exp. 0.8% (Prev. 0.8%, Low. 0.7%, High. 0.9%)
Spotify (SPOT) CFO says that the Co. does not give FY forecast for gross margin and operating margin, but they do expect both to improve
Around nine borrowers are considering US investment-grade bond sales Tuesday, according to Bloomberg citing an informal survey of underwriters
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This marginal miss suggests that wage growth may be stabilizing, which could signal less upward pressure on inflation and influence Fed policy discussions moving forward. Traders should consider how this print aligns with the broader economic landscape, particularly regarding the growth-inflation mix.
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