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Inflation in focus as wage growth slows for workers

Inflation is set to surpass wage growth for American workers, with economists predicting an annual rate of 3.4% for July. As average hourly wages rise only 3.2%, concerns grow over the impact on workers' purchasing power. The Federal Reserv...

NBC News· Aug 12, 2026 · 10:42 AM · 463 views

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Inflation is set to surpass wage growth for American workers, with economists predicting an annual rate of 3.4% for July. As average hourly wages rise only 3.2%, concerns grow over the impact on workers' purchasing power. The Federal Reserve is contemplating interest rate hikes to tackle this ongoing issue.

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#news #breaking #inflation #wages #economy #FederalReserve

Originally reported by NBC News. Read the full story →

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