Non-graduate Americans return to workforce in larger numbers
Trend points to broadening of economic growth but can also keep wage growth subdued and stop Fed hike
Raleigh
AMERICANS with a high school education or less are returning to the labour force in larger numbers, a trend that points to a broadening of economic growth, but could also keep wage growth subdued and stay the Federal Reserve's hand in its hiking cycle.
The Federal Reserve began its meeting on Tuesday and was expected to leave rates on hold. One factor that it watches is slack in the labour market to see how much room the economy has to grow without triggering inflation.
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Central banks will probably only cut half as much as they hiked