Similar Stories to These 23 Companies Can Benefit Most As Raises Become Rarer, Goldman Sachs Says on Bing News

jfaris@businessinsider.com (James Faris), Business Insider
Tue, 09/24/2024 - 10:09am

Workers might not get the raises they're accustomed to going forward.rob dobi/Getty Images The Federal Reserve's interest rate decision suggests that inflation isn't a big issue. Lower inflation should translate to weaker wage growth, according to Goldman Sachs. Here are 23 companies that can benefit most from lower labor costs. Inflation is no longer the Federal Reserve's main enemy, as evidenced by its decision to prioritize the cooling labor market as it cut interest rates by half a point last week.Slower price growth is welcome news for consumers who became financially pinched after the pandemic-era stimulus wore off, but workers shouldn't breathe a sigh of relief just yet.As inflation recedes, so too should wage inflation — better known as raises.Goldman SachsWage growth is down from 6% in August 2022 to 3.9%, according to Goldman Sachs.

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These 23 companies can benefit most as raises become rarer, Goldman Sachs says
Inflation is falling, but that should lead to weaker wage growth, Goldman Sachs says. Here are 23 stocks that can benefit most from lower labor costs.
09/24/2024 - 6:09 am | View Link
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Similar Stories to These 23 Companies Can Benefit Most As Raises Become Rarer, Goldman Sachs Says on Bing News

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