U.S. labor cost growth cooled in the fourth quarter from a year earlier, reassuring Federal Reserve policymakers wage pressures are gradually diminishing and no longer a key driver of inflation.


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U.S. labor cost growth cooled in the fourth quarter from a year earlier, reassuring Federal Reserve policymakers wage pressures are gradually diminishing and no longer a key driver of inflation.{ai:summary}<p>U.S. labor cost growth slowed in the fourth quarter compared to the previous year, indicating to Federal Reserve officials that wage pressures are easing. This trend suggests that labor costs are no longer a significant factor contributing to inflation. </p><p>#economy</p>

Ticker: US labor costs rise from year earlier by least since 2021

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