The wages data for April:
Average Cash Earnings +1.7% y/y
- forecast was 1.5%, prior 1.2%
Real wages (i.e. after inflation) -1.2% y/y
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Household Spending data
-1.7% y/y
- expected -0.6%, prior -2.3%
For the m/m, +1.0% (prior +4.1%)
more to come
The wages data for April:
Average Cash Earnings +1.7% y/y
Real wages (i.e. after inflation) -1.2% y/y
----
Household Spending data
-1.7% y/y
For the m/m, +1.0% (prior +4.1%)
more to come
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