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15 Aug 2022

Slowing inflation does not mean you get your spending power back

Author: admintech | Filed under: Finance/ Money
CLC President, Bea Bruske, Speaks to the United Steelworkers Aug 10/22

Companies able to hike prices with inflation are seeing rising profits. Wages aren’t keeping pace. Markets surged when U.S. inflation peaked, but a plunge in spending, a rise in wage demands, and more rate hikes could mean trouble ahead.