Sentences with phrase «wage inflation subdued»
WASHINGTON (Reuters)- U.S. nonfarm productivity increased at its strongest pace in 1-1/2 years in the second quarter, keeping wage inflation subdued for now.
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The Bank's three measures of core inflation remain below two per cent and wage growth is still subdued, consistent with ongoing excess capacity in the economy.
The current landscape of subdued inflation and wage growth supports this.
Economists also cite retailers» lack of pricing power and still - tepid wage gains as factors keeping price pressures subdued, with the July results another sign inflation may take longer to reach the central bank's goal even as it prepares to wind down asset holdings.