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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[–] 3volver 18 points 4 months ago (1 children)

Hey at least corporate profits are near all time highs though! It's great! Gonna trickle down any time now!

[–] [email protected] 3 points 4 months ago

I'm afraid to ask this, but is that adjusted for inflation and normalized by business entity or similar? I know corporate greed is out of control, I'm just trying to figure out if that graph is good representative data or not.