2min chapter

Bloomberg Businessweek cover image

Goldman Profit Tumbles on Real Estate Hits, Deals Slump

Bloomberg Businessweek

CHAPTER

The Fed's Wage Price Spirale

A big part of inflation is about expectations. If you expect your costs to go up, you're going to put your prices up. Part of it is just core commodities and what's happened around the world. The war in Ukraine certainly hasn't helped. More money chasing the same amount of goods means higher prices for everyone.

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