Rising Pay and Benefits Signal Potential Inflation Challenges for Fed In the first quarter of this year, the pace of pay and benefits growth for American workers increased, potentially heightening inflation concerns for the Federal Reserve. According to the Labor Department’s Employment Cost Index, compensation rose by 1.2%, up from 0.9% in the previous quarter. This steady year-over-year growth rate of 4.2% could influence the Fed’s decisions on interest rates, particularly with inflation fears looming as they conclude their latest policy meeting. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts SAXO Bank: Can Gold Overcome the ‘September Curse’? READ MORE "Quietest All-Time High For Gold Ever…But Get Ready" – Mike Maloney READ MORE Gold Inches Higher as Markets Await Powell's Testimony and Inflation Data READ MORE In Response to a Steady Fed, Southeast Asia Adjusts Rates to Safeguard Currencies READ MORE Forex Reserves Surge to $655.8 Billion, Boosted by Rising Gold and Foreign Assets READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment