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While consumers cut back on goods spending, spending on services jumped.
“We’re wondering what this next crop year brings,” said Brian Duncan. “But farmers are price takers, and that puts us in a really tough spot.”
While ad revenue growth is slowing down, experts don’t see a decline coming.
When inflation raged decades ago, some marketers saw it as an opportunity. Now, the money-saving pitch is more subtle.
Attempting to curb the highest inflation in more than four decades, the Federal Reserve moved to raise its key rate to a range of 2.25% to 2.5%.
CEO Steven Swartz highlights the media giant’s important, if little-known, stakes in automotive information and B2B operations.
There are reasons to take a weak gross domestic product report with a big grain of salt.
Ingredients are up 30%, says Carrie Morey of Callie’s Hot Little Biscuit in South Carolina. But passing along costs poses other problems.
Patrick Smith, CEO of Loftus Ranches, is fighting inflation as well. Some fertilizer materials have nearly doubled in a year or two, he says.
As borrowing costs rise across the 19 nations that use the euro, worries about the currency bloc’s stability grow.