Inflation eases as corporate profits fall from record levels
Inflation is cooling as corporate profit margins fall from record levels.
The annual inflation rate reached 5 percent in March, falling from 6 percent the month prior, according to Labor Department data released Wednesday. Prices rose just 0.1 percent on a month-to-month basis, the smallest increase since December.
The red-hot inflation rate has aligned with growing corporate profit margins that soared to record levels in 2022. Executives in many sectors acknowledge that markups are the primary driver behind their earnings, with price hikes more than making up for elevated input costs.
Federal Reserve Chairman Jerome Powell has consistently linked inflation to wage growth. But he told lawmakers last month that falling corporate profit margins could also help bring inflation down in the short term.
https://thehill.com/business/3945727-inflation-eases-as-corporate-profits-fall-from-record-levels/
Wow, what a coincidence.
= new reply since forum marked as read
