Whether inflation has reached a 39-year high mostly because of macroeconomics or microeconomics might be today’s most pressing economic question, writes Greg_Ip
There’s a saying on Wall Street that the stock market is also a market of stocks: an aggregation of many components often moving to their own beat.
“Market concentration has allowed giant corporations to hide behind claims of increased costs to fatten their profit margins,” Sen. Elizabeth Warren of Massachusetts said Tuesday at a hearing on Jerome Powell’s nomination to a second term as Federal Reserve chairman. President Biden last weekfor why meat prices have risen so much.
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