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Inflation Has More U.S. Companies Ditching ‘Last-In, First-Out’ Accounting
March 23, 2023
Mark Paul Cervantes
Inflation, Top News
Comments Off on Inflation Has More U.S. Companies Ditching ‘Last-In, First-Out’ Accounting
U.S. companies from truck maker Oshkosh Corp. to consumer-goods conglomerate Newell Brands Inc. are moving away from “last-in, first-out” accounting, or LIFO, for their inventory, as inflation continues to pressure businesses’ earnings. Elevated inflation has weighed on companies’ earnings over […]
Fed Reserve officials continue to see “significant” inflation risk that may require more rate hikes
August 17, 2023
Mark Paul Cervantes
Economy, Inflation, Top News, U.S. Market
Comments Off on Fed Reserve officials continue to see “significant” inflation risk that may require more rate hikes
As recently as three weeks ago, most Federal Reserve officials said they still viewed high inflation as an ongoing threat that could merit additional interest rate increases. That’s according to the U.S. central bank’s July […]
Has the Fed won its battle against inflation?
June 14, 2023
Mark Paul Cervantes
Housing Wire
Comments Off on Has the Fed won its battle against inflation?
Inflation was running over 9% last year and the headline inflation growth rate has cooled off a lot recently. Does this mean the Federal Reserve will pivot soon to prevent a recession? I don’t believe […]