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A closely tracked wage growth metric hit its highest level in a year during the first quarter, fueling concerns that sticky inflation may be pervasive and prompt the Federal Reserve to hold interest rates steady for longer than initially hoped.
New data out Tuesday from the Bureau of Labor Statistics showed that compensation costs increased 1.2% in the first quarter, above the prior quarter's 1% increase and higher than the 0.9% economists had expected, per Bloomberg data.
Capital Economics ch...
>>> Read more: Wage increases reveal another 'sticky' problem for the Fed
New data out Tuesday from the Bureau of Labor Statistics showed that compensation costs increased 1.2% in the first quarter, above the prior quarter's 1% increase and higher than the 0.9% economists had expected, per Bloomberg data.
Capital Economics ch...
>>> Read more: Wage increases reveal another 'sticky' problem for the Fed
