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View More »Workers’ paycheck growth accelerated in the first quarter, a possible concern for the Fed
( ) -q-19- UNDATED (Correspondent Jeremy House) “the Federal Reserve.”
Pay and benefits for America’s workers grew more quickly in the first three months of this year.
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Title: PAYCHECK-GROWTH-house-q-TUEam
Out-cue: the Federal Reserve]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: The Labor Department says compensation as measured by the government’s Employment Cost Index rose 1.2% in the January-to-March quarter. That’s up from a 0.9% increase in the previous quarter. It’s a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve.
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