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June 2023 / VIDEO

Stubborn Services Inflation Keeps Fed on Guard

We’ll need to see more evidence of a deceleration in services inflation to be confident in overall inflation returning to 2%

US economic growth in the first quarter slowed notably from late 2022, but this was mainly driven by inventory declines. The labour market also appears quite resilient, though layoffs have spread beyond the tech sector. We’ll need to see more evidence of a deceleration in services inflation to have confidence in overall inflation returning to 2%.



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March 2023 / VIDEO

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