Strong consumer spending boosted credit card balances to a new record high in the third quarter, according to the Federal Reserve Bank of New York.
  • Nobody@lemmy.worldEnglish
    52·
    1 year ago

    Companies continue to raise prices to unheard of levels to keep raking in obscene profits. They brag about it on their earnings calls.

    Inflation isn’t the problem. Corporate greed is. Yet again.