According to an analysis by The New York Times, Federal Reserve officials have long maintained that the labor market is not a source of inflationary pressures. The September report reinforced this view. Average hourly wages rose only slightly by 0.1%

2026-10-02

According to an analysis by The New York Times, Federal Reserve officials have long maintained that the labor market is not a source of inflationary pressures. The September report reinforced this view. Average hourly wages rose only slightly by 0.1% month-over-month and 3% year-over-year in September, below the market consensus of 3.2%.