Labor costs rose at fastest pace in year and a half, ECI shows, in setback to Fed’s effort to tame inflation

The cost of labor for U.S. companies accelerated in the first quarter at the fastest pace in a year and a half, complicating the Federal Reserve’s effort to get inflation fully under control.

Labor costs rose at fastest pace in year and a half, ECI shows, in setback to Fed’s effort to tame inflation
The cost of labor for U.S. companies accelerated in the first quarter at the fastest pace in a year and a half, complicating the Federal Reserve’s effort to get inflation fully under control.