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Seth Golden posted an update 6 years, 5 months ago
Pricing power of businesses is more limited than we’re historically accustomed to seeing at this stage in an economic expansion,” Kaplan said, in one of his essays about the economic outlook.
Lack of pricing power could keep consumer inflation moderate, meaning that interest rates may not have to rise sharply. https://www.marketwatch.com/story/feds-kaplan-says-firms-lack-pricing-power-2018-04-16