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Small business owners are to grappling with staffing shortages, supply chain issues and higher costs.
With this data, the Fed is expected to raise interest rates aggressively.
Schools provide meals to millions of kids each day, and they’re closely watching food inflation.
“Planning safaris in Africa are my absolute favorite,” says Sarah Fazendin, founder of Videre Travel.
As inflation hits 40-year highs on several key metrics, not all economists agree on the causes.
Irene Kesselman, owner of Ali Cat Toys, said her store’s inventory is high leading up to Easter — partly because she wants to avoid future inflation.
Companies facing few competitors can hike prices more easily than those in competitive markets.
Customers are coming back to businesses like restaurants and day spas, but with costs going up, how much should businesses charge?
If wages were to rise as fast as prices right now, it could lead to a wage-price spiral, something the Fed is trying to prevent.
The Fed’s tools can only go so far. “All of this activity relies on the other institution at the end of the transaction,” said economics professor Nina Eichacker.