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US employment cost index for Q4 1.0% vs 1.1% estimate

US employment cost index for Q4 1.0% vs 1.1% estimate
  • Employment cost index for Q4 1.0% vs 1.2% last quarterly
  • Wages 1.0% vs 1.3% last quarter
  • Benefits 0.8% vs 1.0% last quarter

The data was a bit weaker than expectations. US yields have moved lower with the two-year trading at 4.217%. The 10 year is trading at 3.51% down -4.0 basis points. However, at 1.0%, it still is relatively high from historical perspective. Pre-pandemic, the numbers were south of 1% on a regular basis. Inflation is lower but is still relat... Read More

Posted: Jan 31 2023, 13:30
Author Name: forexlive
Views: 110781

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