Post

BlockBeats news, on November 8, according to Bloomberg, in the earnings calls of S&P 500 companies in October, the number of mentions of inflation-related terms rose to 820, reaching a monthly high since February 2024, reflecting companies' concerns about rising costs and weakening consumer confidence. Bloomberg economic research analysts pointed out that the latest personal income and expenditure data show inflation heating up, while income growth has failed to keep pace with rising prices. Rising oil prices have pushed up the prices of key raw materials such as fuel, fertilizer, and plastic resin, increasing the costs of airline operations and product packaging. General Motors expects that this year, rising prices of bulk commodities, logistics, and storage chips will bring about a negative impact of approximately $2 billion. Even the banking industry, which is usually better protected, is increasingly discussing inflation. Wells Fargo CEO Charles Scharf stated that inflation and high interest rates continue to pose headwinds, and the longer they persist, the greater the pressure on consumers and business clients may be. As of the time of the report, only one week into November, the number of mentions of inflation in earnings calls has already far exceeded the entire month of November last year.