The Numbers
US ECI Elevated, Softens On A Sequential Basis
The Q4 US Employment Cost Index was somewhat mixed. It decelerated from 1.3% to 1.0% on a quarter-on-quarter basis – falling below the anticipated 1.2%. However, the annual rate accelerated to a two-decade high of 4% y/y from 3.7% in Q3. Elevated…
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