Support service
×

Employment Cost Index (ECI)

The Employment Cost Index (ECI) includes changes in wages and salaries and unemployment benefits. It can serve as an indicator of inflationary developments in a nation’s economy. The ECI is one of those indices that the Federal Reserve closely monitors while pursuing its monetary policy. It is also called “Alan Greenspan’s favorite indicator”. Amid expectations of a hike in the key interest rate, an increase in the ECI contributes to the strengthening of the US dollar. It is used for mid-term and long-term forecasts. The ECI report is released on a quarterly basis after the 20th day of the publication month at 08:30 am EST.


Share your opinion

Thank you! Is there anything you would like to add?

How would you rate the answer you received?

Leave your comment (optional)

Your feedback is very important to us.
Thank you for taking the time to complete our online survey.

smile""