PREVIEW: Rising wages not expected to drive up consumer prices

Sun, 28 Apr 2019

By Rebecca Howard April 29 (BusinessDesk) - Economists don't expect much change in the employment picture for the March quarter, with rising wages doing little to push up consumer prices, keeping the prospect of rate cuts alive. The March quarter unemployment rate was 4.2 percent versus 4.3 percent in the December period, according to the median of economists polled by Bloomberg. The central bank also expects a slight drop to 4.2 percent. Private sector wage inflation - including overtime - is forecast to be 0.5 percent in the three...

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