Man created an instrument called “money”, which is a unit of account, a means of exchange and a store of value, for the smooth execution of economic activity. The financial services industry is closely related to this instrument we call money, and its core business is based on information processing and networking.
Most remarkably, inflation has remained largely subdued in the face of labor markets tighter than any we have experienced in a generation. A key factor behind this extremely favorable performance has been the resurgence in productivity growth.