- Some components of services inflation stem from high stock prices
- There is a lot of resilience in the US economy
- Mostly in labor market, AI will be complimentary
- There may be two economies right now, with upper income doing well and lower income struggling
Notably, the Fed’s Kashkari said “I basically agree with everything you said” after Barr’s speech.
This article was written by Adam Button at investinglive.com.
