Consumer spending has held up relatively well so far despite inflation, but experts say we are approaching an inflection point. WSJ’s Sharon Terlep explains the role ‘elasticity’ plays in a company’s decision on whether to raise prices. Photo illustration: Adele MorganMany big U.S. businesses say they have been able to increase prices this year with limited pushback from customers. Not all the changes are leading to higher corporate profits.
Cintas Corp. , which rents and sells uniforms, and Vulcan Materials Co. which sells gravel and crushed stone, have reported widening profit margins as they raised prices.
American Corporations have been using artificial inflation (raising prices not driven by a rise in demand or a drop in supply) to meet their pre-pandemic profit outlook, severely hurt by the shut downs & remote work. They're trying to draw down their 2020/2021 losses.
Fed Chair Powell must go, please retweet the pain must stop
This is why we need to tax the f****** rich. Take their money, give it to people that actually need it. It’s not f****** hard
5 reasons why Prices are going up
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