(CNBC) Too much of a good thing, in the form of rapidly rising wages, is expected to push Federal Reserve interest rate hikes at an even faster pace. Average hourly earnings jumped 0.7% in January and are now running at a 5.7% pace over the past 12 months, according to Labor Department data released Friday.
Seven hikes? Fast-rising wages could cause the Fed to raise interest rates even higher this year
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