Tag Archives: FOMC July statement

Modest wage pressures and low inflation expectations mean we see no reason to change our forecast of a single Fed rate increase this year, probably in December The US Employment Cost Index increased by 0.6% quarter-on-quarter and by 2.3% year-on-year in the second quarter, in line with expectations.Potential domestic wage pressures in the US remain hard to analyse. The unemployment rate has fallen sharply, and most other labour market indicators have improved. Although there is much...

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