On June 3, the Wall Street Journal published a blog post titled “Are Consumers, Businesses Expecting Lower Prices?” The article discusses facets and statistics regarding current and expected pricing trends.
A couple of notable excerpts include:
Regional Fed surveys also show weak pricing power among other manufacturers, which suggests other consumers are holding off on ordering. And the lack of demand may be slowing hiring.
In a series of special questions asked in May, the New York Fed found the pressure to cut prices will continue over the coming year.
New York manufacturers anticipated an increase of just 1.2% in the prices they receive for their products, “the smallest expected increase recorded since these questions were first asked in May 2007,” the New York Fed said.
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