Fed Chairman Powell: The service industry is usually harder to lower inflation. Wage growth is falling back to a more sustainable level. Seeing labor balance develop in a better direction. Wage growth still exceeds the ultimate equilibrium level. The labor market is cooling off. Some service industry inflation is catch-up inflation. Inflation may recover to 2% by the end of next year or the year after.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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