For much of the economic expansion, wage increases have been moderate, about 3 percent annually,
helping keep inflation in check, says Sheehan.
Not exact matches
Earlier
in Monday's session, U.S. stocks were
helped by data on income and spending that
kept broader
inflation worries
in check.
Rising interest rates — led by the Federal Reserve's policy of
keeping inflation in check with quarter - point increases
in its overnight rate for banks — will also
help slow sales and appreciation.