The Fed Stays Strong: Higher Rates for Longer
Real Vision: Finance & Investing
00:00
Inflation Is Not Monolithic Basket
The Fed has been very explicit about being concerned about the labor market and how that's contributing to services sector inflation. Darius: We're still compounding at four five points percent on a three month annualized basis. If you keep compounding sequentially at the level that could create five point six percent inflation, because the labor market is too tight nominal income growth is too high.
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