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The continued robust US jobs growth and above-trend growth allow the Federal Reserve to remain focused on inflation.
Fed Chair Powell has drawn attention to the core services excluding housing, and it rose at around an 8% annualized pace in Q1.
For all practical purposes, the Eurozone and UK are nearly stagnant, and price pressures are moderating quicker than in the US.
The US has created an enormous financial superstructure that can absorb the surplus capital, siphon it away from redundant investment, and surplus production.