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Stocks slump, big banks beat and LA’s housing market standstill 10/14/22

Power Lunch

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Is There a Disinflation in the Services Sector?

The Fed is trying to break along with the services numbers, which will have to come down if the economy slows. There's just no way you can maintain a higher cost of services if the economy were to slow significantly. And do you think that it kind of propels automation here? Because in like, I don't know, the top jobs in every state, two of the three are drivers and cashiers.

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