OtherJuly 31 at 08:30 AM

US Employment Cost - Benefits QoQ (Q2) Q/Q 1.00% (Prev. 1.2%)

StockNow breaking-news AI analysis

Q2 benefit costs slowed to 1.0% from 1.2%, but the 0.9% headline ECI exceeded expectations, maintaining pressure on the Fed to monitor persistent labor-driven inflation.

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Today's market highlights

A selection of stories drawing attention in the market.

Geopolitics

US President Trump on Iran, says we'll be hitting them very hard; on strikes against Iran in coming weeks, says we'll be hitting

Fed

Fed's Logan (2026 voter, hawkish dissenter) says risks to inflation are to the upside and 'solid' job market is strengthening a bit; Would have preferred 25bps hike to better balance outlook and risks

Politics

US Treasury Department has told currency market participants to prepare for a potential additional intervention following Thursday's action by Japanese authorities to support the yen, reports Nikkei

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