Entrenched Inflation – The Monster That Feeds on Itself
Entrenched inflation is the idea that, as prices or costs rise, they become fixed (or entrenched) into the product or service pricing for the long term. As a result, businesses and other decision-makers begin to factor in the increased cost within their forecasts and business models, eventually passing on the cost to consumers through price…
Jerome Powell Finally Steps His Foot Down
Jerome Powell finally stood his ground on the Fed’s policy position at this past week’s Jackson Hole Symposium. We could argue that he has been reiterating his goal to combat inflation over sustaining a strong market since the prior quarter. However, there was a much stronger tone in his Jackson Hole Speech this time around.…
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Students, Accountants, and Business Owners (SAB) 