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WASHINGTON AP 鈥?Pay and benefits for Americas workers grew more slowly in the April-June quarter than in the first three months of the year, a trend that could keep price pressures in check and encourage the inflation-fighters at the Federal Reserve.Compensation as measured by the governments Employment Cost Index rose 0.9 percent in the second quarter, down from a 1.2 percent increase in the previous quarter, the Labor Department said Wednesday. The figure matches last year fourth-quarter reading as the slowest in about two and a half years. Compared with the same quarter a year earlier, compensation growth was 4.1 percent stanley cup (https://www.stanley-cups.us) , a slight drop from 4.2 percent in the first quarter.Higher wages and benefits are good for employees, but slower pay growth will likely reassure Fed officials that inflation is steadily falling back to their 2 percent target. Rapid wage growth can lead many businesses to raise their prices to offset the higher labor costs.READ MORE: Federal Reserves favored inflation g stanley cup (https://www.cup-stanley.us) auge cools, in stanley cup (https://www.stanley-cup.pl) creasing likelihood of September rate cutYet inflation is also cooling, so wage and benefit growth, adjusted for price changes, actually accelerated. Inflation-adjusted compensation rose 1.1 percent compared with a year ago in the second quarter, up from 0.8 percent in the previous three months.The Fed is expected to keep its key short-term rate unchanged after its latest policy meeting concludes later Wednesday. Yet Fed officials are also likely to signal that the fi Oovn Brazil s President Lula recovering in hospital after successful hip replacement surgery
Throughout this coming week, a Japanese visitor named Shinzo Abe will be touring the United States with stops in Boston, San Francisco and Los Angeles as well as meetings in Washington with President Barack Obama and a speech to Congress.Although a majority of Americans 鈥?73 percent, according to a recent Pew Center poll 鈥?have never heard of Japanese Prime Minister Abe, his trip will be watched closely, indeed almost word for word mizuno (https://www.mizunos.de) and comma for comma, by politicians, diplomats and analysts in Washington and across Asia. The Washington agenda will be intense, with Abe and President Obama possibly reaching a long-awaited breakthrough on a Pacific trade agreement and revising defense arrangements between the two major Pacific allies.And coming on the 70th anniversary of the end of World War II, the Abe trip is also heavy with symbolism. For starters, the prime minister will speak at the same podium in the House of Representatives chamber from which Franklin D. Roosevelt asked Congress on Dec. 8, 1941, a day after the Japanese attack on Pearl Harbor, to declare war on the Empire of Japan.What Abe leaves unsaid in his speech to a joint meeting of Congre stanley cup (https://www.stanley-quencher.us) ss on Wednesday, the first ever by a Japanese prime minister, will be read as carefully as what he does say. He is expected in the Congress speech and in other public remarks to focus on Japa adidas samba og (https://www.adidassamba.us) n post-World War II peaceful history, the U.S.-Japan alliance and U.S. military and economic engagement in the Asia-Pacific region.But