About 300,000 employees sued FBG for mismanaging their benefit plans by collecting "ill-gotten profits" from their retirement, health, and fringe-benefits plans.
"Now that inflation has come down and the labor market has indeed cooled off, we're going to be looking at both mandates. They're in much better balance."
Combined with a second month of expansion among manufacturers, the services data pushed the S&P Global composite purchasing managers index up to a 26-month high.
