Here's your summary from NRF: Challenge Is On Services Side of US Economy (https://www.youtube.com/watch?v=cFw7UUnRiUA) on the Bloomberg Television channel:

### TLDR:

Inflation in the US is primarily driven by services, impacting consumer behavior, while higher income households are less affected. Despite tensions, US-China business relations remain crucial.

### Key Points:

1. US inflation is driven by services, with goods inflation remaining flat to negative.

2. Higher income households are less affected by inflation, while lower income households face more pressure.

3. US-China business relations are crucial, with CEOs continuing to engage with China despite tensions.

#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro