Fact-Checking the “Greedflation” Narrative

via moneymetals Some myths are stubbornly persistent. Count the greedflation myth among them. A recent poll conducted by Navigator indicates a notable uptick in the number of people attributing inflation to corporate greed. That’s worrisome: public opinion eventually becomes public policy. Senators Warren, …

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Federal Reserve Alert! Beige Book July 12, 2023: “many contacts reported an inability to fully pass on increased costs to consumers, which has compressed margins.” Is the ‘Greedflation’ Peak in Sight?

by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/beigebook202307.htm Overall Economic Activity Overall economic activity increased slightly since late May. Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. Reports on consumer spending were mixed; growth was generally …

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