A construction workers cuts wood at a residential building site in Mount Prospect, Ill., Monday, March 18, 2024. On Tuesday, April 30, 2024, the Labor Department reports on wages and benefits for U.S. workers during the first quarter of 2024.
The increase in wages and benefits could add to concerns at the Fed that inflation may remain too high in the coming months. The Fed is expected to keep its key short-term rate unchanged after its latest policy meeting concludes Wednesday.
Federal Reserve System General News Business W Inflation Labor F Compensation And Benefits U.S. News U.S. News
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