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Wages and Prices Could Show a Cool-Down Before a Fed Meeting



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Government data on Friday will provide one final update on inflation, spending and wages before the Federal Reserve’s interest rate decision next week.Forecasters expect data from the Labor Department to show that a key measure of wages and salaries increased about 4.6 percent in the first quarter from a year earlier. While that would be a modest slowdown from the end of last year, the growth would be faster than a pace that policymakers consider sustainable, given their concern that quick pay gains could help fuel future inflation.Commerce Department data, also set for release on Friday, is expected to show that inflation eased somewhat in March but remained uncomfortably high, while consumer spending most likely slumped or …

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