Your current location:HOME >health >Workers' paychecks grew faster in the first quarter, a possible concern for the Fed 正文
TIME:2024-05-01 06:55:33 Source: Internet compilationEdit:health
WASHINGTON (AP) — Pay and benefits for America’s workers grew more quickly in the first three months
WASHINGTON (AP) — Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve.
Compensation as measured by the government’s Employment Cost Index rose 1.2% in the January-March quarter, up from a 0.9% increase in the previous quarter, the Labor Department said Tuesday. Compared with the same quarter a year earlier, compensation growth was 4.2%, the same as the previous quarter.
The increase in wages and benefits is good for employees, to be sure, but could add to concerns at the Fed that inflation may remain too high in the coming months. The Fed is expected to keep its key short-term rate unchanged after its latest policy meeting concludes Wednesday.
Fed Chair Jerome Powell and other officials have recently backed away from signaling that the Fed will necessarily cut rates this year, after several months of higher-than-expected inflation readings. Big price increases for rents, car insurance and health care have kept inflation stubbornly above the Fed’s 2% inflation target.
Bizarre moment yacht gets wedged underneath railway arches while being carried on a low2024-05-01 06:49
Women's Social Organizations Provide Caring Services to Children2024-05-01 06:35
Hebei Improves Cadres' Ability to Protect Women, Children's Rights2024-05-01 06:26
Federation Helps Gansu Women Study, Use Laws2024-05-01 05:51
Haiti prime minister: transitional council names new leader2024-05-01 05:38
Liaocheng Promotes Family Education2024-05-01 05:37
Federations Help Cadres, Volunteers Better Understand Laws2024-05-01 04:49
Mechanism Protects Domestic Violence Victims2024-05-01 04:41
Explainer: What makes China magnet for multinational corporations?2024-05-01 04:41
University, Association Help Workers Improve Ability to Combat Domestic Violence2024-05-01 04:30
Benjamin Mendy has bankruptcy case dismissed: Ex2024-05-01 06:29
ACWF Improves Cadres' Ability to Protect Women, Children's Rights2024-05-01 06:28
County Helps Residents Resolve Marital, Family Disputes2024-05-01 06:00
Building a Beautiful Home2024-05-01 05:47
Mom shopping in Target stunned by small print on Clorox wipes2024-05-01 05:37
Strengthening Protection of Children's Rights, Interests2024-05-01 05:12
Beijing Helps Residents Resolve Family Disputes, Protect Rights2024-05-01 05:03
Lucheng Women's Federation Promotes Law2024-05-01 05:01
Brit living in California shares how expensive it really is to live there2024-05-01 04:53
Shenzhen Promotes Construction of Child Friendly City2024-05-01 04:39