2:31 PM · 10 December 2024

BREAKING: EURUSD muted after US labor cost report 📌

US Productivity Revised Actual 2.2% (Forecast 2.2%, Previous 2.2%)
US Productivity Revised Actual 2.2% (Forecast 2.2%, Previous 2.2%)
US Labor Costs Revised Actual 0.8% (Forecast 1.25%, Previous 1.9%)

U.S. productivity came in line with expectations and remains strong, potentially influencing monetary policy over time, though it’s not an immediate market driver. A lower labor costs signals a disinflationary trend, reducing immediate wage-related price pressures.

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