The numbers: U.S. wholesale prices rose 0.4% in September to mark the first increase in three months, signaling little progress in the Federal Reserve’s fight to vanquish high inflation.
Economists polled by The Wall Street Journal had forecast a 0.2% gain. Wholesale prices had fallen in August and July entirely because of declining gasoline prices. Big picture: The Fed’s belated but aggressive strategy to raise interest rates to reduce inflation hasn’t shown much effect so far. Prices are still rising rapidly.
Source: Entertainment Trends (entertainmenttrends.net)
Time to cap executives compensation and fix this
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