Don’t hold your breath if you were expecting a pay raise next year. According to new research from the professional services firm Aon Plc (AON), projected salary increases for the city in 2018 are projected to remain flat at 2.9 percent. On a national level, despite a strengthening economy and high job rates, most U.S. workers are unlikely to see sizeable increases in their salaries for 2018.
shares fell in Madrid Wednesday after the world's largest clothing retailer posted slightly weaker-than-expected earnings for the first half of its fiscal year and said global online sales launches were "on track" for the second half. The euro gained around 8.7% against the U.S. dollar over the May to July period, Initex's second quarter, a move that pressured its cost base and blunted the converted impact of its overseas sales.
U.S. stock index futures pointed to a modestly higher open on Wednesday morning, as traders appeared to adopt a wait-and-see approach ahead of monetary policy guidance from the Federal Reserve. Dow futures traded 2 points higher, with share of both Visa and Pfizer climbing in the premarket. S&P and Nasdaq futures, meanwhile, were up 0.5 points and unchanged respectively. While the Fed is not expected to raise rates following its two-day meeting, many market participants believe the central bank will announce the unwinding of its $4.5 trillion portfolio. The U.S. central bank is due to announce its decision at 2 p.m. ET on Wednesday. Investors will also see existing home sales for August released