Wage Is Still Growing, but the Growth Has Slowed

The Fed and J. Powell in particular focused on a core measure of services, just things like everything from doctors, lawyers, travel, hotels,. Because that's where they have a heavy component of labor costs. And the good news there is that Powell's key metric has gone from a high of 10.2 percent back last spring down to only 2.2 percent in the latest month on a year over year basis.