The Fed’s Favorite Inflation Measure Leapfrogs the CPI
San Francisco Fed’s Daly: AI’s Future Is Job Augmentation and Creation, Not Destruction
Core Inflation Softens, but the Final Mile to 2% Remains Sticky
Australian Dollar Breaks Out As Economic Winds Blow Toward Rate Hikes
The Fed’s Labor Market Divide Is Hardening Against Rate Cuts
“…First, we have stepped up our agenda to reduce costs and improve profitability. Second, because input cost volatility is here to stay, we are focused on pricing to offset inflation through efficient pricing mechanisms. We are working hard to maintain, and where necessary, improve our pricing tools…”
I liked how the earnings announcement avoided direct mention of raising the prices of non-milk products.
The market liked the announcement too. The stock soared 11.5% on the day.
