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17.11 - 18:45
U.S. Wages Rose Rapidly in Third Quarter, Keeping Pressure on Inflation
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Wages and prices continued to rise rapidly in the late summer, keeping the Federal Reserve on track for more interest-rate increases as it attempts to cool economic growth and bring down high inflation.
The latest figures add to a picture of an economy losing some momentum but still growing as the labor market, consumer spending and price pressures remain strong.
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