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Rates truckers are paid have plummeted by more than half since 2021, accounting for inflation. Meanwhile, costs have only risen.
Consumers have been sticking with Procter & Gamble. But if high prices make shoppers trade down, the company has products for them too.
You might’ve heard of the “wage-price spiral.” Does a similar phenomenon exist when it comes to corporate profits?
Retail sales were soft but not terrible in June. More importantly they are at least keeping up with inflation, and don’t foreshadow a recession.
The U.S. is finally seeing inflation cool down, but other countries, especially in Europe, are still seeing prices spike.
It’s mostly down to the falling price of oil, but the ingredients and materials manufacturers use are getting cheaper too.
Inflation has eased in many areas that had temporary spikes, from airfares to used cars. Persistent, underlying inflation is harder to tackle.
The June CPI numbers were pretty good, but more interest rate hikes are likely coming on the way to the central bank’s 2% target.
Wage growth beat inflation in May and June for the first time since March 2021. But economists say two months do not a trend make.
That would be a good sign for the Federal Reserve as it tries to get inflation under control.