AAA projects long-weekend travel will rise 1.0% from 2014
The American Automobile Association estimates that Labor Day travel will rise just 1% from a year ago despite a 55% decline in oil prices.
That's not a great signal for an economy that the Fed believes is accelerating.
Wage inflation remains benign
On the inflation front, the White House announced late on Friday that Federal employees would get just a 1.0% pay hike in 2016.
