40year

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits in the non-financial sector hit a record high of $2.08 trillion in the third quarter, even as inflation, at a 40-year high, continues to weigh on US consumers. Inventory and capital consumption-adjusted profits rose $6.1 billion between the fiscal second and third quarters, the Commerce Department reported Wednesday, continuing a meteoric recovery from …

Corporate profits hit record high in third quarter amid 40-year high inflation Read More »

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits hit record high in third quarter amid 40-year high inflation

Corporate profits in the non-financial sector hit a record high of $2.08 trillion in the third quarter, even as inflation, at a 40-year high, continues to weigh on US consumers. Inventory and capital consumption-adjusted profits rose $6.1 billion between the fiscal second and third quarters, the Commerce Department reported Wednesday, continuing a meteoric recovery from …

Corporate profits hit record high in third quarter amid 40-year high inflation Read More »

Paul Volcker

October inflation slowed more than expected, but remains near 40-year highs. Here’s what 5 experts said about the risk of stagflation hitting the US economy

Paul Volcker, former Fed Chairman from 1979 to 1987. Bettmann/Getty Images Inflation eased in October, but prices have been high for more than 20 months now, raising fears of stagflation. This means the economy could be hit by high unemployment, weak growth and persistent inflation – as well as a sharp drop in stocks. Here’s …

October inflation slowed more than expected, but remains near 40-year highs. Here’s what 5 experts said about the risk of stagflation hitting the US economy Read More »