BREAKING: EURUSD muted after US labor cost report ð
BREAKING: EURUSD muted after US labor cost report ð
20:31 10 āļāļąāļāļ§āļēāļāļĄ 2024
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 itâs not an immediate market driver. A lower labor costs signals a disinflationary trend, reducing immediate wage-related price pressures.