But economists often point to a reason the Fed is tiptoeing rather than running toward rate cuts: The central bank was slow to react when inflation shot up in 2021, something it has faced widespread criticism for, and then was overly optimistic when price pressures began to cool last year. Officials have been wary of another head fake.
Not a single word typed in this article about the actual primary cause of inflation, trade disruptions in industrial inputs (gas being a big one) or Argriculture (wheat and such, because of the Ukraine war).
My impression was that a lot of the current inflation was simply driven by companies raising prices in order to increase profits. For the US at least, disruptions in Russian and Ukranian energy and food production have only a very small effect.
The reason American companies can jack up prices is largely due to prices being high in international markets. These prices have become high due to the disruptive effects of covid, rising protectionism and the ongoing wars.
Not a single word typed in this article about the actual primary cause of inflation, trade disruptions in industrial inputs (gas being a big one) or Argriculture (wheat and such, because of the Ukraine war).
My impression was that a lot of the current inflation was simply driven by companies raising prices in order to increase profits. For the US at least, disruptions in Russian and Ukranian energy and food production have only a very small effect.
The reason American companies can jack up prices is largely due to prices being high in international markets. These prices have become high due to the disruptive effects of covid, rising protectionism and the ongoing wars.
connecting the war to the economic decline is verboten