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Halls of Shrewd'm / US Policy
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Author: very stable genius   😊 😞
Number: of 41628 
Subject: Re: Wall st reactes to red hot inflation data
Date: 04/11/2024 9:40 AM
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No. of Recommendations: 8
common one: "Ya' know what it looks like? Looks kinda' like corporations are using inflation as cover to raise prices and rake in record profits at the expense of middle-class American families."

The data appears to confirm this...

"US Corporate Profits Soar With Margins at Widest Since 1950"

"Business is passing on higher costs and then some, data show"

https://www.bloomberg.com/news/articles/2022-08-25...

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