Acar, Elif OznurÖzşuca, Ekin Ayşe03.06. Uluslararası Ticaret ve Finansman03. İktisadi ve İdari Birimler Fakültesi01. Çankaya Üniversitesi2024-02-282025-09-182024-02-282025-09-182020Özsuca Erenoğlu, E.A.; Acar, E.Ö. (2020). "Can US Wage Increases be Regarded as a Leading Indicator for Bond Rates?", World Journal of Applied Economics, Vol.6, No.2, pp.169-176.2459-0126https://doi.org/10.22440/wjae.6.2.5https://hdl.handle.net/123456789/12790After the subprime meltdown, the Federal Reserve focused its attention on US non-\rfarm payroll data in order to pave the way for its fund rate hikes. As time went by,\rthe Federal Reserve deemed particularly one sub-component of this data, namely the\rincrements on average weekly wage growth as a proxy for in\ration and thus a plausible\rexplanation for raising the interest rates. In that aspect, we decide to elaborate on this\rissue further and examine whether this implemented strategy indeed had a re\rection in\rthe real market. For doing so, we intend to determine whether there is any causality\rrelation in either direction between US average weekly wage increases and 10-year\rTreasury Bond rates. We utilize the Toda-Yamamoto causality approach and come\rup with a statistically signicant result between wages and bond rates. For robustness,\rwe also consider the unemployment rate and consumption expenditures as independent\rvariables.eninfo:eu-repo/semantics/openAccessİktisatOther10.22440/wjae.6.2.5