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Inflation falls again. The Feds stays interest rates. Corporations used tax cuts to buy back stocks. [1]

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Date: 2024-06-12  

Inflation, aka the Corporate Greed Rate (CGR), fell again. The Feds decided to keep interest rates the same with falling CGR. Corporations stole from us again as they bought back stocks with our money.

Corporations used tax cuts to buy back stocks

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Fed Keeps Rates Steady and Forecasts Only One Cut in 2024: Federal Reserve officials had initially predicted three rate cuts for the year. Earlier, inflation data for May came in cooler than expected. [ More ]

Federal Reserve officials had initially predicted three rate cuts for the year. Earlier, inflation data for May came in cooler than expected. [ ] 'We Should All Be Angry' That Corporations Spent Trump Tax Windfall on Buybacks: Expert: "Corporations took their tax windfalls and spent a trillion dollars of it in 2018 on stock buybacks instead of on worker wages or innovation," said Sarah Anderson of the Institute for Policy Studies. [ More ]

"Corporations took their tax windfalls and spent a trillion dollars of it in 2018 on stock buybacks instead of on worker wages or innovation," said Sarah Anderson of the Institute for Policy Studies. [ ] Inflation Slowed in May, Good News for Consumers and the Fed: The latest data could help to restore policymakers’ conviction that inflation is in the process of returning to the Federal Reserve’s goal. [More]

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