While the Fed is laser-focused on inflation, wage growth shouldn't be a concern, Oxford Economics writes. Rising energy prices have dented workers' real earnings growth, but with oil prices down sharply, that should start to ease soon. Oxford predicts average hourly earnings to rise 0.3% month over month in June in the upcoming jobs report. This would leave year over year earnings growth at 3.5% well within a range consistent with the Fed's inflation target, they said. (jessica.coacci@wsj.com)
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Workers' Earnings Growth Still Isn't on Fed's Worry List — Market Talk
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While the Fed is laser-focused on inflation, wage growth shouldn't be a concern, Oxford Economics writes. Rising energy prices have dented workers' real earnings growth, but with oil prices down sharply, that should start to ease soon. Oxford predicts average hourly earnings to rise 0.3% month over…