Yahoo Finance published this video item, entitled “Inflation: Fed rate hikes and impact on services sector” – below is their description.
#yahoofinance #inflation #fedratehike #services #yahoofinance
Activity in the services sector grew for the seventh straight month in July, according to the ISM services index. Allianz Chief Economist Ludovic Subran joins Yahoo Finance Live to discuss the latest data and what to watch in the services sector. Regarding inflation, Subran says, “We do believe that the Fed is actually contributing to half of the disinflation.” Subran added, “The big question now is how long can the Fed keep interest rates high, and whether this could create even less growth going forward.”
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