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Labor Report to Give Fed Look at Wage Inflation
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Worker-pay and benefits data set for release Tuesday will shed light on whether the Federal Reserve is successfully cooling fast wage growth as officials meet to consider further increases in interest rates.
Other recent data has shown that rapid wage growth has begun to slow, putting less pressure on prices. The Fed has aggressively raised interest rates in the past year with the aim of tamping down on the economy to tame inflation. Central-bank officials are starting a two-day meeting Tuesday.
Read more on wsj.comAbout this in other media
Inflation Report Keeps Fed on Track to Continue Rate Increases wsj.com /1 year ago
Inflation Report Keeps Fed on Track to Continue Rate Increases wsj.com /1 year ago
Inflation Report Keeps Fed on Track to Continue Rate Increases wsj.com /1 year ago
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