6 Sep 2023 6:34 pm
September 6, 2023
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The Fed will hold its next policy meeting on Sept. 19-20, when officials are expected to take a breather and hold rates steady in the range of 5.25%-5.5% to make sure inflation data continues to show cooling.
Most districts reported price growth slowed overall, decelerating faster specifically in manufacturing and consumer-goods sectors.
Districts across the country saw subdued job growth, as companies continued to deal with a shortage of skilled workers for open jobs and the pool of job applicants remained limited.
That trend has kept power in the hands of workers and helped boost wages.
Though, many contacts suggested "the second half of the year will be different" when it comes to wage growth. Businesses across the country reiterated their expectations that wage growth will slow broadly in the near term.
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https://finance.yahoo.com/news/stocks-s ... 57462.html
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https://youtu.be/wnGCVSWrqs0?si=dXficym9UV5u5fW7
—-
The Fed will hold its next policy meeting on Sept. 19-20, when officials are expected to take a breather and hold rates steady in the range of 5.25%-5.5% to make sure inflation data continues to show cooling.
Most districts reported price growth slowed overall, decelerating faster specifically in manufacturing and consumer-goods sectors.
Districts across the country saw subdued job growth, as companies continued to deal with a shortage of skilled workers for open jobs and the pool of job applicants remained limited.
That trend has kept power in the hands of workers and helped boost wages.
Though, many contacts suggested "the second half of the year will be different" when it comes to wage growth. Businesses across the country reiterated their expectations that wage growth will slow broadly in the near term.
—-
https://finance.yahoo.com/news/stocks-s ... 57462.html
——
https://youtu.be/wnGCVSWrqs0?si=dXficym9UV5u5fW7