The US Employment Cost Index is expected to register a 0.6% sequential increase in the first quarter. This is in line with the gain reported in Q4 and appears benign on the surface; however, it will push the yoy growth r…
The US Employment Cost Index is expected to register a 0.6% sequential increase in the first quarter. This is in line with the gain reported in Q4 and appears benign on the surface; however, it will push the yoy growth rate from 2.3% to 2.6%, the strongest pace since 2008.
The acceleration should be even more pronounced in the ECI wage & salary component for private sector workers which is expected to show a 0.7% sequential increase and a 2.8% yoy growth rate. This would be the first tangible sign of a pickup in wage growth.
While a pickup in wage growth is not a pre-condition for a rate hike by the Fed, it could nonetheless cause the market to reassess the likely timeframe.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
