Q : What is your view of what the data are telling us? A : Well, you're right that we've seen a bounce back in some activity, particularly the services PMI.
You've also seen a pretty big bounce back in consumer confidence since December. A lot of that confidence data has to do with the fact that inflation has come down.
And I think the headlines and the headline data on inflation has told us that inflation has come down. But you are right to ask, does the FED have a Services problem.
I do think ...
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