A rise in productivity last year gives more room for wages to grow without the risk of higher inflation, Federal Reserve Chairman Jerome Powell said on Thursday, offering another reason why the U.S. central bank can hold off on further rate increases.
from Reuters: Business News https://ift.tt/2NBbUP8
Friday, March 1, 2019
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Fed's Powell: 'Muted' inflation gives room for wages to rise
Interest rates held at 5% but 'on the path down'
Economists are betting on rates being held in September with a cut to come in November instead. from BBC News https://ift.tt/OyPldkf
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