Bloomberg Daybreak: Europe Edition cover image

Bloomberg Daybreak Weekend: Inflation, Banking, China

Bloomberg Daybreak: Europe Edition

00:00

The Fed's Watch on the Labor Market

The labor market still remains pretty strong. The question is, do they start to flatten out? There are some tentative signs. So we're really watching wages in the service sector. Since in services much of your cost is labor, when they have to raise wages to attract employees, that's going to have an impact on what they charge you for the service that you get.

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