The Federal Reserve’s moves to cool the economy with higher interest rates seem to be taking gentle hold. Wage growth lost momentum.
Category: Wages and Salaries
U.S. Moves to Bar Noncompete Agreements in Labor Contracts
A sweeping proposal by the Federal Trade Commission would block companies from limiting their employees’ ability to work for a rival.
Fed Officials Fretted That Markets Would Misread Rate Slowdown
Central bankers remained committed to wrestling inflation lower, and wanted to make sure investors understood that message, minutes from the Federal Reserve’s December meeting showed.
Why China’s Economy Faces a Perilous Road to Recovery
Years of lockdowns took a brutal toll on businesses. Now, the rapid spread of Covid after a chaotic reopening has deprived them of workers and customers.