Here comes wage growth ...
Advertisement
Reuters/STR New
Advertisement
The employment cost index for the second quarter is set for release at the bottom of the hour.
Expectations are for the report to show wages ticked up 0.6% in the second quarter after a 0.7% rise in the first quarter.
ECI in the first quarter rose 2.6% in the prior year. In contrast, average hourly earnings have been rising at around 2% over the prior year, leaving the economy and the Fed with a mixed picture of whether wages are really picking up or not.
This is the final ECI report before the September Fed meeting, and so this report will take on added significance.
Advertisement
We'll be back with the live numbers when they hit.
Advertisement
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore