Bostic Sees 'Green Shoot of Hope' in Services Inflation

The video discusses the current state of monetary policy and inflation trends. It highlights the uncertainty around further interest rate hikes and the gradual decline in underlying inflation. The narrowing distribution of price increases in the Consumer Price Index is seen as a positive sign. Additionally, there is cautious optimism about service prices, which have shown signs of slowing down. Overall, the video provides a hopeful outlook on reducing inflation while acknowledging the challenges ahead.

What does the teacher mean by 'narrowing of severe price increases'?

What hopeful signs does the teacher mention regarding service prices?