US labour data a major focus One of the factors that has ke | Forex Trading Experts 📊 HYCM

US labour data a major focus

One of the factors that has kept the Fed on its hawkish rate path has been the resilience of the US labour market. Yes, the cost of living has increased, companies are starting to factor in higher costs, consumers see leaner times ahead, but the labour market has remained strong and wages high. One of the contributing factors to firmer wages has been put down by some analysts to a number of workers taking early retirement during COVID which was made more attractive by record-high stock prices. This created a reduction of workers boosting wages and keeping labour data firm.

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