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US labor costs rose less than expected in the fourth quarter, and the annual increase was the smallest in several years. The data points to moderating wage inflation.
Cooling wage pressure could give the Federal Reserve room to start cutting rates by June, which would weigh on the dollar and support commodity prices priced in dollars.
reuters.comLucia MutikaniJan 31, 2024After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
