Hamak: The rise in inflation in the US service industry is concerning

ChainCatcher news, according to Jinshi reports, Federal Reserve's Harker stated on Monday that the relatively high inflation level in the U.S. services sector is concerning, and the rapid increase in prices is more worrisome than the softening job market. He pointed out at a European Central Bank meeting that inflation remains the greater concern in the dual mandate, with the inflation rate still above his desired level and moving in the wrong direction.