Slowing inflation does not mean you get your spending power back

[news]

https://i.cbc.ca/1.6548494.1660240252!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_460/clc-president-bea-bruske-speaks-to-the-united-steelworkers-aug-10-22.jpg Companies able to hike prices with inflation are seeing rising profits. Wages aren't keeping pace. Markets surged when U.S. inflation peaked, but a plunge in spending, a rise in wage demands, and more rate hikes could mean trouble ahead.


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