Average wages have soared in recent months as businesses scramble to rehire. The trend isn't concerning and shouldn't boost inflation, Powell said.
Companies are starting to use tax savings to pay workers more, and the industries that already pay the highest wages will see stock prices suffer, Goldman Sachs says. American Airlines, AT&T, Boeing, Comcast, Visa, and, most recently, JPMorgan have already announced pay hikes or bonuses. Now that corporations are paying […]
In the US stock market right now, efforts to...
Later on this morning the Australian Bureau of Statistics (ABS) will release its March quarter consumer price inflation (CPI) report, an important economic data point that can influence not only the outlook for interest rates but also wage inflation. Here’s the state of play. The report is based off price […]