Productivity numbers came out today and slightly disappointed. As usual, all was not as it appears on the surface. Although productivity growth numbers were lower than anticipated at 1.8% versus 2.1-2.5%, which would be bad for the USD, compensation and unit labor costs were up, which are inflationary. With today being the FOMC release day all eyes are probably watching inflation numbers of any kind. This information is hav[...]
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[Source: The Money Blogs]
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