inflation

Kroger Raised Milk and Egg Prices Beyond Inflation Costs, Exec Testifies: Report

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A top Kroger executive testified that the grocery chain hiked the prices of milk and eggs beyond the added costs from inflation, according to a new report. The remarks were made during a court hearing over antitrust regulators’ attempt to block the supermarket giant’s merger with the grocery chain Albertsons, Bloomberg reported. While testifying in … Read more

JPMorgan expecting Fed to cut base rate by 100 basis points this year

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At the beginning of the month Wall Street was confident—but not convinced—that it would be getting its much-anticipated interest rate cut come September. Fed Chairman Jerome Powell’s Jackson Hole speech sealed the deal for many that a reduction is indeed imminent. The rate currently sits at 5.25%—a more than two-decade high. But a combination of … Read more