ECB’s Lane Not Seeing ‘Noticeable’ Pickup in Eurozone Wages
Wages aren’t rising at a rate that would trigger inflation alarms, European Central Bank Chief Economist Philip Lane said Thursday.
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Wages aren’t rising at a rate that would trigger inflation alarms, European Central Bank Chief Economist Philip Lane said Thursday.
The result points to volatility in international demand and dims hopes that trade will underpin the country’s economic growth this year.
Inflation is cooler than it was four years ago, but voters are still paying much higher prices.
The French government desperately needs a return to strong growth if it is to contain its rapidly rising debts.
Spending is rising because prices are climbing and Americans are buying more stuff.
Anemic hiring fell far short of expectations with 29,000 jobs added last month, but the unemployment rate remains near historic lows.
The rise to 7.28% follows the bond-market rout and deals another blow to a limping housing market.
The number of people who filed for unemployment benefits was 197,000, which was 1,000 lower than the revised 198,000 reported a week earlier, while economists expected to see the figure tick up to 200,000.
The University of Michigan survey’s headline index landed at 48.1 in September, down from 51.7 in August.
Consumer confidence in Germany dropped unexpectedly sharply, dragged down by rising energy prices as tensions escalated in the Middle East.
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