Economics

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All the data so far is showing inflation isn't going away, and is making things tough on the Fed (www.cnbc.com)

submitted 4 months ago by MicroWave to c/economics

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Key Points

Commerce Department indexes that the Fed relies on heavily for inflation signals showed prices continuing to climb at a rate still considerably higher than the 2% annual goal.
The stubborn inflation data raised several ominous specters, namely that the Fed may have to keep rates elevated for longer or even have to hike at some point.
Thus far, the economy has managed to avoid broader damage from the inflation problem, though there are some notable cracks.

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[–] [email protected] 7 points 4 months ago (1 children)

To take market share from other companies and make even more profits?

[–] Garbanzo 34 points 4 months ago (1 children)

What other companies? There's just a handful of conglomerates and a few defacto monopolies who all stay out of each other's lanes. Where they should be competing, they colude. We need to elect some trust busters but we keep being told our only options are keep things the same or burn it all down.