Inflation Gives U.S. Workers Ammunition in Year-End Pay Reviews
“With inflation flaring, American white-collar employees have an edge in year-end salary discussions, though it may prove tough to secure raises that outpace surging prices. The insatiable demand for labor in the pandemic recovery — coupled with record quits rates and a barely changing supply — has fueled wage increases this year, particularly for lower-paid jobs in sectors like hospitality and retail.”
ECB Mustn’t Tighten Despite ‘Painful’ Inflation, Lagarde Says
“The European Central Bank shouldn’t tighten monetary policy too soon — even in the face of “unwelcome and painful” inflation, according to President Christine Lagarde. The bank is taking concerns about rising prices “very seriously,” Lagarde told the Frankfurt European Banking Congress on Friday, reiterating that she doesn’t envisage an increase in interest rates next year.”
Japan Inflation Shows Continued Pulse as Gas Prices Surge
“Higher energy costs caused Japanese consumer prices to edge up for a second month in October, with Prime Minister Fumio Kishida expected later Friday to deliver a stimulus package that includes countermeasures to ease the pain from more expensive fuel. Consumer prices, excluding those for fresh food, increased 0.1% compared with a year earlier, the ministry of internal affairs reported. The result matched the median forecast from analysts.”
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