BOE Could Shrug off High-Wage Worries Over Tariff Concerns -- Market Talk

Dow Jones

Apr 15, 2025

0742 GMT - While U.K. wage growth remains too high, U.S. tariffs may mean the Bank of England may worry less about inflation from pay growth and more about downside risks to activity, Capital Economics economist Ashley Webb says in a note. Average earnings growth excluding bonuses rose to 5.9% in February, while the unemployment rate stayed at 4.4%. However, the payroll data for March provides some tentative evidence that businesses started to respond to rises in business taxes and minimum wage from this month by reducing headcount, Webb says. Should the U.S. tariffs chaos becomes a big drag on firms' hiring intentions, pay growth could start to fade more markedly, with the BOE then cutting rates faster than expected, he says. (edward.frankl@wsj.com)

(END) Dow Jones Newswires

April 15, 2025 03:42 ET (07:42 GMT)

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Average earnings growth excluding bonuses rose to 5.9% in February, while the unemployment rate stayed at 4.4%. However, the payroll data for March provides some tentative evidence that businesses started to respond to rises in business taxes and minimum wage from this month by reducing headcount, Webb says. Should the U.S. tariffs chaos becomes a big drag on firms' hiring intentions, pay growth could start to fade more markedly, with the BOE then cutting rates faster than expected, he says. (edward.frankl@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 15, 2025 03:42 ET (07:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BOE Could Shrug off High-Wage Worries Over Tariff Concerns -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBOE Could Shrug off High-Wage Worries Over Tariff Concerns -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-15 15:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0742 GMT - While U.K. wage growth remains too high, U.S. tariffs may mean the Bank of England may worry less about inflation from pay growth and more about downside risks to activity, Capital Economics economist Ashley Webb says in a note. Average earnings growth excluding bonuses rose to 5.9% in February, while the unemployment rate stayed at 4.4%. However, the payroll data for March provides some tentative evidence that businesses started to respond to rises in business taxes and minimum wage from this month by reducing headcount, Webb says. Should the U.S. tariffs chaos becomes a big drag on firms' hiring intentions, pay growth could start to fade more markedly, with the BOE then cutting rates faster than expected, he says. (edward.frankl@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 15, 2025 03:42 ET (07:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BOE","symbol_name":"黑岩全球成长基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2527459163","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527459163","pubTimestamp":1744702920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0742 GMT - While U.K. wage growth remains too high, U.S. tariffs may mean the Bank of England may worry less about inflation from pay growth and more about downside risks to activity, Capital Economics economist Ashley Webb says in a note. Average earnings growth excluding bonuses rose to 5.9% in February, while the unemployment rate stayed at 4.4%. However, the payroll data for March provides some tentative evidence that businesses started to respond to rises in business taxes and minimum wage from this month by reducing headcount, Webb says. Should the U.S. tariffs chaos becomes a big drag on firms' hiring intentions, pay growth could start to fade more markedly, with the BOE then cutting rates faster than expected, he says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BOE":"黑岩全球成长基金"},"translate_title":"英国央行可能会摆脱对关税担忧的高工资担忧——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE":1},"content_text":"0742 GMT - While U.K. wage growth remains too high, U.S. tariffs may mean the Bank of England may worry less about inflation from pay growth and more about downside risks to activity, Capital Economics economist Ashley Webb says in a note. Average earnings growth excluding bonuses rose to 5.9% in February, while the unemployment rate stayed at 4.4%. However, the payroll data for March provides some tentative evidence that businesses started to respond to rises in business taxes and minimum wage from this month by reducing headcount, Webb says. Should the U.S. tariffs chaos becomes a big drag on firms' hiring intentions, pay growth could start to fade more markedly, with the BOE then cutting rates faster than expected, he says. (edward.frankl@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 15, 2025 03:42 ET (07:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}