Wall Street braces for the end of profit-led inflation ...Middle East

Companies are losing their ability to keep prices elevated as inflation has been coming down, and Wall Street is noticing. Inflation was initially caused by companies’ passing through cost increases brought about by mangled global supply lines. Those elevated costs gave them cover to keep their prices higher and take more in profit. But as inflation has been coming down and consumers have been getting hip to the profit-led phase of inflation, private-sector pricing power is diminishing. Median inflation expectations fell to 3.5 percent for the year ahead and to 2.9 percent for the next few years, according to the July Federal Reserve's Survey of Consumer Expectations, with price

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