US This fall unit labor prices prelim +three.zero% vs +three.four% anticipated

• Prior was +zero.eight% (revised to +zero.5%)
• Productiveness prelim +three.zero% vs +1.four% anticipated
• Prior productiveness +2.2% (revised to +2.three%)

It is a low-tier indicator but it surely’s dovish and emphasizes that the Fed will seemingly be capable to lower later this yr if there’s any weak point creeping into the financial system.

This text was written by Adam Button at www.ubaidahsan.com.



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