Mmastodon BusinessFinance first seen 11 h ago, last 57 min ago, peak #2
Cleveland Fed's Hammack Worries as Companies Ease Price Bargaining
Original: When Companies Stop Driving a Hard Bargain, This Fed Official Starts Worrying https://www.wsj.com/finance/investing/beth
Beth Hammack, president of the Federal Reserve Bank of Cleveland, says she grows concerned when companies stop driving hard bargains on prices, a shift she reads as a warning sign for inflation. In remarks reported by the Wall Street Journal, she suggested weakening pricing discipline among firms could signal that inflation pressures are becoming more entrenched, feeding debate over how long the Fed should keep interest rates elevated.
Why now: Markets are watching Fed officials' comments closely for hints about the path of interest rates amid persistent inflation concerns.
Beth HammackFederal Reserve Bank of ClevelandFederal ReserveWall Street Journal
Evidence
- When Companies Stop Driving a Hard Bargain, This Fed Official Starts Worrying https://www.wsj.com/finance/investing/beth-hammack-cleveland-fed-inflation-7751c731?mod=rss_markets_main # Finance # Economy # Markets · wsj_markets@robot.villas · 3
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