WRAPUP 1-Wages, benefits boost US labor costs in first quarter [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
Benefits gain 1.1%; advance 3.7% year-on-year By Lucia Mutikani WASHINGTON, April 30 (Reuters) - U.S. labor costs increased more than expected in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much- anticipated interest rate cut later this year. The pick-up in labor costs reported by the Labor Department on Tuesday was despite signs of some easing in labor market conditions. Federal Reserve officials were due to start a two-day policy meeting on Tuesday. "Fed Chair Powell has said wages were not the key to the nation's inflation outlook, but employment costs remain sticky and certainly won't help in the war on inflation," said Christopher Rupkey, chief economist at FWDBONDS. The Employment Cost Index (ECI), the broadest measure of labor costs, increased 1.2% last quarter after rising by an unrevised 0.9% in the fourth quarter, the Labor Department's Bureau of Labor Statistics said. Economis
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 5/21/24 - Form 424B2
- 5/21/24 - Form 424B2
- 5/21/24 - Form 424B2
- JPM's page on the SEC website