Braking Down The Noise

U.S. Wages Rose Rapidly in Third Quarter, Keeping Pressure on Inflation

New pay, price and consumer-spending figures leave the Federal Reserve on track for more interest-rate increases

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Wages and prices continued to rise rapidly in the late summer, keeping the Federal Reserve on track for more interest-rate increases as it attempts to cool economic growth and bring down high inflation.

The latest figures add to a picture of an economy losing some momentum but still growing as the labor market, consumer spending and price pressures remain strong.

 

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