Free Trial

AHE Wage Growth Moves In Wrong Direction For Fed

US DATA
  • The AHE data were clearly stronger than expected in July, rising 0.42% M/M (cons 0.3) after an upward revised 0.45% (initial 0.36% M/M) which was only marginally offset by a lower 0.33% in May (initial 0.36%).
  • Non-supervisory meanwhile accelerated from 0.38% M/M to 0.45% M/M.
  • It leaves a three-month average of 4.8% annualized for AHE and 4.9% annualized for non-supervisory, moving the wrong way for the Fed after recent moderation.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.