High Inflation Could Persist as Wages Continue to Rise

High Inflation Could Persist as Wages Continue to Rise

This post was originally published on this siteEconomists hoped that as households shifted spending back to services, price gains would cool. That effect might be less pronounced now.

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Workers are pointing to high inflation as they demand larger raises

Workers are pointing to high inflation as they demand larger raises

This post was originally published on this siteMany workers, with renewed leverage, are pointing at higher prices and demanding higher wages.

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Wages Rise at Fastest Pace Since 2002 as Inflation Continues to Run Hot

Wages Rise at Fastest Pace Since 2002 as Inflation Continues to Run Hot

This post was originally published on this siteInflation is rapid and wages are growing at the fastest pace in two decades, trends that may prod the Federal Reserve to lift rates several times this year.

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U.S. Jobs Report Expected to Show Rebound in Hiring

U.S. Jobs Report Expected to Show Rebound in Hiring

This post was originally published on this siteU.S. job growth likely rebounded last month but not enough to return to the higher pace from earlier this year, with a shortage of workers and other effects from the pandemic weighing on the economy.

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Supply bottlenecks, labor shortages slowed US growth, says Fed

Supply bottlenecks, labor shortages slowed US growth, says Fed

This post was originally published on this site Supply bottlenecks and labor shortages have slowed US economic growth and contributed to a sharp rise in prices, the Federal Reserve said Wednesday. The constraints and shortage of goods caused “significantly elevated prices” in most areas of the country, the Fed said...

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