Post AWGfHjYYSSohDkHQH2 by fluxed@ieji.de
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 (DIR) Post #AWGfHjYYSSohDkHQH2 by fluxed@ieji.de
       2023-06-02T02:34:21Z
       
       0 likes, 1 repeats
       
       Robert Reich: "The Fed has raised borrowing costs at 10 consecutive meetings, increasing its benchmark rate to over 5 percent. Yet #inflation has barely slowed. Why? Because the Fed’s rate hikes barely affect big #corporations that continue to raise prices to fatten their #profits...Corporations aren’t raising prices to cover increased costs. The Producer Price Index dropped 2.3 percent for the 12 months through April...(and) wage gains still lag behind price increases."https://robertreich.substack.com/p/its-greedflation-stupid