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.


Podziel się swoją opinią

Dziękujemy! Czy chciałbyś(-abyś) coś dodać?

Jak oceniasz otrzymaną odpowiedź?

Zostaw komentarz (opcjonalnie)

Twoja opinia jest dla nas bardzo ważna.
Dziękujemy za wypełnienie naszej ankiety online.

smile""