Two inflation Indicators: Corporate greed and mortgage rates   Leave a comment

Link: https://www.npr.org/2022/03/23/1088346603/two-inflation-indicators-corporate-greed-and-mortgage-rates

Prices are still rising even though corporate profits are at a 40-year high. However, the rising inflation is not thought to be due to corporate greed but likely to other causes such as lingering pandemic issues and decreased competition in the markets. The Federal Reserve Bank has tried to fight this inflation by raising interest rates which will hopefully lead to less pressure on businesses to raise their prices.

Original Air Date: March 23, 2022

Length: 18 Minutes 27 Seconds

Posted May 5, 2022 by fiorinio in Federal Reserve Bank, macroeconomics

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