this post was submitted on 28 Apr 2024
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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 1 year ago by MicroWave@lemmy.world to c/economics@lemmy.world
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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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[โ€“] 3volver@lemmy.world 18 points 1 year ago (1 children)

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

[โ€“] SoleInvictus@lemmy.blahaj.zone 3 points 1 year 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.