- July 24, 2021
- Posted by: Stratford Team
- Category: Business
Former Office of Management and Budget Director Mick Mulvaney provides insight into inflation, spending and the markets.
If it seems as if you’re paying more for everyday items, your suspicions are correct.
As inflationary rates hit a 13-year high in the U.S., many companies are raising prices to offset higher costs for materials such as aluminum and lumber, in addition to rising prices for gas and vehicles.
According to AAA, gas prices are averaging $3.15 per gallon, the highest in at least seven years.
Federal Reserve Chair Jerome Powell, Treasury Secretary Janet Yellen and the White House say the inflation trend is temporary, but corporate chieftains aren’t waiting for the final verdict: They’re already taking action in the form of price hikes.
FOX Business is tracking the companies that are passing higher costs along to their customers.
WALL STREET ISN’T SO SURE INFLATION IS TRANSITORY
Kimberly Clark
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