# Slowing US labor cost gains brighten inflation picture | Reuters

> 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.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/32287-slowing-us-labor-cost-gains-brighten-inflation-picture-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-10 | [Stocks slide, dollar gains on hot U.S. inflation data \| Reuters](https://feedsoft.ai/events/7711-stocks-slide-dollar-gains-on-hot-u-s-inflation-data-reuters.md) | +1.5% | +3.7% |
| DXY | 2023-10-13 | [US consumer sentiment sours; dollar aiding inflation fight \| Reuters](https://feedsoft.ai/events/33537-us-consumer-sentiment-sours-dollar-aiding-inflation-fight-reuters.md) | +0.5% | -0.9% |
| DXY | 2023-11-14 | [Dollar sinks after data shows US inflation cooling \| Reuters](https://feedsoft.ai/events/10100-dollar-sinks-after-data-shows-us-inflation-cooling-reuters.md) | -1.8% | -1.4% |
| DXY | 2021-02-26 | [Globals stock slide on inflation fears, dollar gains \| Reuters](https://feedsoft.ai/events/9587-globals-stock-slide-on-inflation-fears-dollar-gains-reuters.md) | +0.7% | +1.9% |
| DXY | 2021-09-23 | [BoE sees growing case for rate rise as inflation to stay higher for longer \| Reuters](https://feedsoft.ai/events/45307-boe-sees-growing-case-for-rate-rise-as-inflation-to-stay-higher-for-longer.md) | +1.0% | -0.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/us-labor-costs-growth-slows-fourth-quarter-2024-01-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.