Sluggish Wage Growth May Hold Interest Rates

Employers added a solid 209,000 jobs in July, but sluggish wage growth contributed to lingering doubts that a lack of inflation could slow the Fed’s efforts to raise interest rates. CNBC reported that average hourly wages rose 0.3%, as expected, but the 2.5% annual gain remains below the 2.9% high reached last December, and it […]