Birdwatch Note Rating
2024-07-06 10:18:59 UTC - NOT_HELPFUL
Rated by Participant: B8FF4CF8E928EECC0AE180C2E38E29A3ED71EE4CFB60B979AD0D25EFA0A2F162
Participant Details
Original Note:
This post makes it seem as if price gouging is a primary driver of inflation, but that has been proven to be false. "As such, rising markups have not been a main driver of the recent surge and subsequent decline in inflation during the current recovery" https://www.reuters.com/markets/us/corporate-greed-not-blame-price-pressures-fed-study-shows-2024-05-13/#:~:text=May%2013%20(Reuters)%20%2D%20Corporate,Reserve%20Bank%20of%20San%20Francisco. https://www.frbsf.org/research-and-insights/publications/economic-letter/2024/05/are-markups-driving-ups-and-downs-of-inflation/
All Note Details