THE ATLANTA FED’S WAGE GROWTH TRACKER EDGED DOWN TO 3.5% IN MAY FROM 3.6% THE PRIOR MONTH. FOR THOSE NOT CHANGING JOBS, THE TRACKER DECLINED TO 3.3% IN MAY FROM 3.6% IN APRIL, WHILE THE TRACKER FOR TH

Wage growth deceleration to 3.5% signals easing labor market pressure, supporting dovish Fed policy expectations.