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Is Inflation a Microeconomic Problem? That’s What Biden’s Competition Push Is Betting
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There’s a saying on Wall Street that the stock market is also a market of stocks: an aggregation of many components often moving to their own beat.
Similarly, the consumer-price index is also an index of prices. Inflation is both the result of total spending running ahead of the economy’s capacity to supply goods and services (macroeconomics), and idiosyncratic behavior in one industry or another (microeconomics).
Read more on wsj.comAbout this in other media
Martin Gilbert: Asset managers must not ignore the threat of inflation fnlondon.com /2 years ago
The market thinks rates are about to go up because of inflation. The market could be wrong theguardian.com /2 years ago
Japan’s favourite snack falls victim to global inflation with first-ever price hike theguardian.com /2 years ago
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