Companies pay workers more for less output — exactly what the Fed doesn't want

Companies pay workers more for less output — exactly what the Fed doesn't want

The Federal Reserve's inflation fight takes another job-market punch as Treasury yields roar past 4%. The Federal Reserve's inflation fight suffered yet another setback on Thursday, as more evidence of a hot jobs market could fuel further wage increases and trigger bets on more aggressive interest-rate hikes in coming months. Labor Department data