---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000794438.md"
description: "Services inflation isn’t dead and the labor market hasn’t cracked. If CPI surprises to the upside, the Fed will hike to avoid losing credibility. Waller saying it out loud means other governors agree. I’m raising cash and hedging because the market is way too complacent."
datetime: "2026-07-14T08:57:38.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000794438.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000794438.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000794438.md)
author: "[CP](https://longbridge.com/en/profiles/16124207.md)"
generator: "portal-rs"
---

# Services inflation isn’t dead and the labor market…


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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**