Page 24 - Groundwork Collaborative News Today

By Howard Schneider

Registering that they are doing it customer -- high inflation by using it as a cover to market products even higher than what would be necessary to recoup the higher costs. for example, during an investor call, the ceo of kroger, the grocery store giant says, quote, we view a little bit of inflation is always good in our business. and we would expect a bill to pass that through. this isnt only happening in the food space it is widespread across industries. lets look at auto zone, a retailer that...

The Federal Reserve has raised interest rates six times this year and Fed Chair Jay Powell suggested that a seventh hike, albeit a smaller one, is on the way next month. But some Democrats and economists worry the Fed hit the brakes too hard. Rakeen Mabud, Chief Economist and Managing Director of Policy and Research at The Groundwork Collaborative, joined William Brangham to discuss the hikes.

Powell faces backlash for suggesting that unemployment likely needs to rise to ease wage growth and tame surging prices.

Labor advocates and Democratic lawmakers are pushing back on what they say is a longstanding institutional bent at the central bank — that workers must bear the brunt of the fight against inflation.

CEOs and other corporate executives are acknowledging on calls with investors that they are raising prices simply because they can.

CEOs and other corporate executives are acknowledging on calls with investors that they are raising prices simply because they can.

CEOs and other corporate executives are acknowledging on calls with investors that they are raising prices simply because they can.

CEOs and other corporate executives are acknowledging on calls with investors that they are raising prices simply because they can.

CEOs and other corporate executives are acknowledging on calls with investors that they are raising prices simply because they can.