The Fed began increasing rates in January of 2022. Inflation peaked in June of 2022 at 9.1% and is now at 3.2%.
Are you proposing that this is a sheer coincidence, and that corporations simply decided to stop being greedy in July of last year? I would love to see your evidence of this.
If anything, one could say that this is a consequence not further raising rates at the last meeting.
You seem to have an argument you want to present regardless of what the person you’re responding to said. They didn’t say it was greedy corporations, just that the Fed’s measures didn’t work.
And while the reduction from peak could be the Fed’s rates, there’s no reason to think it must be, as many of the proposed causes (supply chain disruptions, built up demand, pandemic stimulus) would all be expected to ease over time.
As for your chosen windmill, the studies pointing to price gouging suggest it’s related to a public expectation of prices increases allowing for gouging to piggyback on other causes for price increases. It’s not something the companies can just choose to do at a whim and only just now decided to be greedy, which means they might be pressured to reduce excess profit taking due to easing of any of the underlying factors or even just public sentiment.
lol so they’re ‘protective’ measures didnt work. shocking
The Fed began increasing rates in January of 2022. Inflation peaked in June of 2022 at 9.1% and is now at 3.2%.
Are you proposing that this is a sheer coincidence, and that corporations simply decided to stop being greedy in July of last year? I would love to see your evidence of this.
If anything, one could say that this is a consequence not further raising rates at the last meeting.
All for raising rates, just increase the minimum wage.
You seem to have an argument you want to present regardless of what the person you’re responding to said. They didn’t say it was greedy corporations, just that the Fed’s measures didn’t work.
And while the reduction from peak could be the Fed’s rates, there’s no reason to think it must be, as many of the proposed causes (supply chain disruptions, built up demand, pandemic stimulus) would all be expected to ease over time.
As for your chosen windmill, the studies pointing to price gouging suggest it’s related to a public expectation of prices increases allowing for gouging to piggyback on other causes for price increases. It’s not something the companies can just choose to do at a whim and only just now decided to be greedy, which means they might be pressured to reduce excess profit taking due to easing of any of the underlying factors or even just public sentiment.