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Fixed Income And Currency Market
8 Aug 2021
US wage growth to force RBI’s hand on inflation-Weekly Fixed Income Analysis
US monthly jobs data came in much better than expected and average hourly earnings rose to 4% from 3.7% as employers were forced to hike wages to attract new workers amid a dearth in labor supply. The trend of rising wages is expected to continue and could keep inflation higher for longer.
Arjun Parthasarathy
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