US Unit Labour Costs QoQ Prel (Q4) Q/Q 2.8% vs. Exp. 2% (Prev. -1.8%, Rev. From -1.9%)
The preliminary reading for US unit labor costs in Q4 came in at 2.8%, which exceeds expectations of 2%.
Iran's army targets headquarters of US forces in Iraq's Erbil with drones, Iranian state TV reports
Fed's Barkin (2027 Voter) says 2.8% productivity is still a pretty good number, via Bloomberg TV; are seeing companies invest in productivity
US Unit Labour Costs QoQ Prel (Q4) Q/Q 2.8% vs. Exp. 2% (Prev. -1.8%, Rev. From -1.9%)
Baker Hughes (BKR) files to sell five-part debt
US Gulf allies low on Iranian missile interceptors, CBS reports
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This is a significant shift from the previous quarter's decline, suggesting upward pressure on labor costs that could impact inflation dynamics and potentially influence Federal Reserve policy going forward.
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