The Federal Reserve just got some bad news on the service sector, one of the last redoubts of stubbornly high inflation in the US.That's fueling further speculation that interest rate increases may yet have a ways to go, and markets aren't loving it.Understandably so.A Labor Department report on Friday showed that average hourly earnings for private sector service-providing jobs rose 0.6% in November from the previous month, the fastest pace since October 2021.
#back #years #necessarily #essentially #speculation #sustainable #latin-america #federal-reserve #late-january #commodities
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