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U.S. Labor Costs Rise, Easing Inflation Concerns for Fed

1/31/2025

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Summary

Story summary

U.S. labor costs increased by 0.9% in Q4 2024, alleviating inflation worries for the Federal Reserve.
Annual labor cost growth decreased to 3.8%, down from 3.9% in September.
Private sector wages rose by 0.9% quarterly, reflecting a 3.7% annual increase.
The Fed keeps interest rates steady at 4.25%-4.50%, expecting two rate cuts this year.

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Story summary

U.S. labor costs increased by 0.9% in Q4 2024, alleviating inflation worries for the Federal Reserve.
Annual labor cost growth decreased to 3.8%, down from 3.9% in September.
Private sector wages rose by 0.9% quarterly, reflecting a 3.7% annual increase.
The Fed keeps interest rates steady at 4.25%-4.50%, expecting two rate cuts this year.