Reported 1 day ago
U.S. third-quarter unit labor costs grew at only a 0.8% annualized rate, significantly lower than the initially reported 1.9%, indicating a favorable inflation outlook despite persistent price increases. The Labor Department's report also indicated revised data showing previous quarters had lower growth than estimated. The Federal Reserve is expected to lower interest rates again, marking the third cut since its easing cycle began in September.
Source: YAHOO