Fed’s future rate hikes hinge on inflation data: minutes
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Fed’s future rate hikes hinge on inflation data: minutes

ByNews Polite

Federal Reserve officials said last month that the pace of future interest rate increases would hinge on incoming data, with some saying rates would need to stay at a “sufficiently restrictive level” for “some time” in order to control inflation, according to the minutes of the July 26-27 session. Participants…

Walmart Faces Shifting Consumer Behaviour Over Inflation, Quarterly Results Beat Estimates

Walmart Faces Shifting Consumer Behaviour Over Inflation, Quarterly Results Beat Estimates

ByNews Polite

Walmart scored a big jump in revenues partly driven by inflation but the retail giant faces increasing evidence of shifting consumer behavior due to rising prices, according to quarterly results released Tuesday. The big-box retailer, which stunned Wall Street three weeks ago by cutting its profit forecast, ended up reporting…