Red-hot Inflation Has CEOs ‘Crowing’ and Consumers Crying (Sort of)
February 16, 2022 Yahoo! Finance
And with an economy still expanding at an appreciable rate, there’s no telling when trickle-down inflation will stop. “What we see is across sectors — across companies, CEOs are just crowing about how they can raise prices on consumers all while bringing in record profits,” Rakeen Mabud, Groundwork Collaborative chief economist and managing director of policy and research, told Yahoo Finance Live on Tuesday.
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