US: Rebound in wage growth likely – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) - Research Team at Danske Bank, suggests that Fed's preferred measure for wages, the employment cost index, for Q3 will be published today and the consensus is looking for a rebound in wage growth to 0.6% q/q after the dip to 0.2% in Q2.

    Key Quotes

    “The Fed's preferred inflation measure, PCE inflation, is also released. We expect core PCE to increase 0.2% m/m taking annual core inflation to 1.4%. We look for another monthly decline in headline inflation of -0.1% m/m and annual PCE inflation of 0.2% y/y. University of Michigan consumer confidence and Chicago PMI are due for release as well.”
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