The Fed is egging this on despite the fact that most of the inflation is currently being driven by record corporate profits. 53.9% of the increase in costs in the nonfinancial corporate sector are attributed to fatter profit margins while only 8% is because of labor costs…8%.
The Fed is egging this on despite the fact that most of the inflation is currently being driven by record corporate profits. 53.9% of the increase in costs in the nonfinancial corporate sector are attributed to fatter profit margins while only 8% is because of labor costs…8%.
Haven’t heard about this breakdown of components of increase in costs. Any source?
Yes :)! It has tons of economic jargon, but maybe you’ll have a better time of understanding it fully than me.
Here’s a reading of it by the PSL.