Oxford Economics said Friday the labor market is not a source of inflationary pressure, citing the jobs report in which average hourly earnings rose 0.3% MoM and wage growth slowed to 3.1% YoY from 3.2%. The research group said the Fed can be reassured that wage dynamics are not driving inflation.

2026-09-04

Oxford Economics said Friday the labor market is not a source of inflationary pressure, citing the jobs report in which average hourly earnings rose 0.3% MoM and wage growth slowed to 3.1% YoY from 3.2%. The research group said the Fed can be reassured that wage dynamics are not driving inflation.