Inflation Anxiety Rises Among Companies as Holiday Shopping Season Nears
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Corporate sentiment around inflation has soured to levels last seen in early 2021, per a Bloomberg Intelligence study. Anxiety about labor costs is mounting too.
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While optimism around consumer prices remains, it is fading as inflation has ticked up again since mid-year. This puts pressure on the Fed.
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Earnings reports from major retailers in the coming week will offer insight into how shoppers are dealing with prices ahead of the holiday season.
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Wall Street expects consumer price inflation to show a slower rise in October compared to September.
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For the first time in years, risks of sticky inflation and weaker activity are getting more balanced, per Goldman Sachs strategists.