Wages

FirstFT: Rising German wages fuel concerns over ECB rate cut

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Elon Musk, X logo, Thierry Breton and EU flag montage

This article is an online version of our FirstFT newsletter. Subscribers can sign up for our Asia, Europe/Africa or Americas edition to receive the newsletter every weekday morning. Explore all our newsletters here Good morning. Japan’s Prime Minister Fumio Kishida has just announced that he will be stepping down next month. Below we have more … Read more

Eurozone rate cuts questioned as German wages rise

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Line chart of negotiated nominal wages versus inflation in Germany showing that German workers have not yet regained their pre-pandemic purchasing power

Wages in the eurozone’s biggest economy are rising at their fastest pace this century, fuelling concerns among some economists about the European Central Bank’s expected interest rate cut next month. Negotiated wages in Germany are expected to jump 5.6 percent in 2024, based on agreements reached between January and June, according to data published Tuesday … Read more