U.S. January Average Hourly Earnings: Mixed Predictions from Major Banks

Major financial institutions have released their predictions for the U.S. average hourly earnings in January, with varied expectations. According to Jin10, the annual rate is anticipated to be around 3.6%, as per Reuters' forecast. Scotiabank predicts a 3.5% increase, while Barclays, Capital Economics, and Dekabank align with the 3.6% forecast. JPMorgan Chase, Pantheon Macroeconomics, BNP Paribas, and Citigroup foresee a slightly higher rate of 3.7%. HSBC, Jefferies, TD Securities, and UBS also expect a 3.7% rise. For the monthly rate, Reuters projects a 0.3% increase. Morgan Stanley and Scotiabank predict a 0.2% rise, while BNP Paribas and Bank of America expect a 0.3% increase. Barclays, Capital Economics, Citigroup, and Dekabank also forecast a 0.3% rise. Deutsche Bank, HSBC, ING, JPMorgan Chase, Jefferies, Mizuho Securities, Moody's Analytics, Nomura Securities, Lloyds Bank, Oxford Economics, Pantheon Macroeconomics, TD Securities, UBS, UniCredit, Wells Fargo, and Goldman Sachs share similar expectations, with Goldman Sachs predicting a slightly higher increase of 0.4%.