10:57 pm - Tuesday December 3, 2024

Strong U.S. job growth, rising wages set stage for Fed rate hike

1807 Viewed Alka Anand Singh Comments Off on Strong U.S. job growth, rising wages set stage for Fed rate hike
WASHINGTON (Reuters) - U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.

WASHINGTON (Reuters) – U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.

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