The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years as the labor market tightened further, bolstering expectations of faster wage growth this year. Initial claims for state unemployment benefits decreased 9,000 to a...
Feb. 11, 2018 10:30 a.m. ET ...
Working two jobs to make ends meet, 61-year-old Tim Smith was happy to get a $400 bonus as a part-time worker at Home Depot thanks to the U.S. tax overhaul, but his dislike for Trump and his policies remains. "What can I do with that?...
Feb. 9, 2018 12:09 p.m. ET ...
Minneapolis Federal Reserve Bank President Neel Kashkari told a town hall in Pierre, South Dakota that he does not think the Federal Reserve should raise interest rates unless wages and inflation start to take off, and that the U.S. economy is a "long way" from that. ...
Updated Feb. 9, 2018 4:08 p.m. ET ...
"Clearly the market is adjusting to the fact that the global economy is growing quite quickly and as a consequence of that, monetary authorities around the world are either starting to remove accommodation or thinking about starting to remove accommodation, and that's a little different than the environment...
Higher wages in the United States will not necessarily lead to faster inflation, Dallas Fed President Robert Kaplan said in Frankfurt on Wednesday. His comments countered widespread market speculation that the briskest wage growth in almost nine years in the United States would drive up...
U.S. markets are panicking about the prospect of higher, wage-driven inflation. U.S. wage inflation should be rather good for certain assets, however. Source