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
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas