The inflation shock of the past three years is abating. One reason is that expectations of future inflation continue to remain remarkably well anchored.
Just as inflation appeared to be getting under control in recent months, rising tensions in the Middle East have shaken this view and now represent the major risk to our economic and inflation outlooks.
The impact of inflationary pressures on consumers and their willingness to spend has left many consumer products companies holding bloated inventory levels.
The Inflation Reduction Act contains incentives for investment in the energy sector, a corporate alternative minimum tax, an excise tax on stock buybacks, IRS funding and an extension of business loss limitations.
The Inflation Reduction Act contains incentives for investment in the energy sector, a corporate alternative minimum tax, an excise tax on stock buybacks, IRS funding and an extension of business loss limitations.