AI servers' growth is a massive tailwind for Nvidia and Advanced Micro Devices. Unfortunately, there are some recent headwinds semiconductor investors should know about. Read More...
Reuters
Fed seen on shallower rate path as wage gains cool
(Reuters) -The Federal Reserve may have less reason to raise interest rates as sharply or as high as earlier thought after a government report Friday rekindled hopes of easing inflation amid signs the pandemic-disrupted labor market is normalizing. The U.S. unemployment rate ticked up to 3.6% in February as more workers entered the labor force, and wage gains slowed to 0.2% from 0.3% in January, the Labor Department’s report showed. Though the month’s payroll gains of 311,000 exceeded expectations, hiring was concentrated in a narrower range of industries, a sign some economists pointed to as suggesting what has been an extremely tight labor market is set to ease.
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