Welcome to Food Week October 3. (A somewhat truncated version this week due to some eye issues.) Labor shortages forcing wages up and preventing apples for getting picked. But global food prices have fallen steadily for the last 6 months and some companies, like Tesco and Cargill, are thriving despite inflation. Enjoy
Hiring stays strong which will likely lead to the Fed further raising interest rates.
At the same time there is a labor shortage in this country. It leads to higher wages, helping to drive inflation.