TREE NEWS reports: US average hourly earnings rose 3.1% year-on-year in October, exceeding the 2.9% expected by economists and matching the prior reading of 3%. The wage figure points to continued labor cost pressure in the world’s largest economy, a data point closely watched by markets weighing the path of interest rates.
US October Average Hourly Earnings Rise 3.1% Year-on-Year, Above 2.9% Forecast
AI take
Wage growth holding at 3.1% rather than cooling to forecast matters because it keeps labor cost pressure in the picture at a moment when markets are parsing every data point for rate direction. This is a macro signal that transmits to crypto and RWA pricing through the rates channel, not a sector-specific development. The open question is whether this firmness persists in subsequent readings or proves a one-month overshoot.
Generated by AI for reference only.
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