NightFox
Wildling
Source: CNBC.COM
Wages and salaries jump by 3.1%, highest level in a decade
"Wages and salaries rose 3.1 percent in the third quarter, the biggest increase in a decade, according to the Labor Department
Overall compensation costs were up 2.8 percent, ahead of Wall Street expectations.
Wages have been the missing piece in the economic recovery, though the Fed has been raising rates to guard against future inflationary pressures."
On the surface an unexpected and positive development, let's just hope this isn't the beginning of accelerating inflation and that the Fed doesn't overreact.
Wages and salaries jump by 3.1%, highest level in a decade
"Wages and salaries rose 3.1 percent in the third quarter, the biggest increase in a decade, according to the Labor Department
Overall compensation costs were up 2.8 percent, ahead of Wall Street expectations.
Wages have been the missing piece in the economic recovery, though the Fed has been raising rates to guard against future inflationary pressures."
On the surface an unexpected and positive development, let's just hope this isn't the beginning of accelerating inflation and that the Fed doesn't overreact.