Groundwork’s Lindsay Owens on Corporate Profits Data: “Inflation has more room to fall if corporations stop their excessive profiteering”

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Groundwork’s Lindsay Owens on Corporate Profits Data: “Inflation has more room to fall if corporations stop their excessive profiteering”

Today, the Bureau of Economic Analysis (BEA) released new data showing that domestic nonfinancial corporate profits increased $136.5 billion in Q4, compared with an increase of $90.8 billion in Q3. Groundwork’s Executive Director Lindsay Owens reacted with the following statement: “Even as supply chains have normalized and input costs have fallen, corporations are still padding their profits on the backs of families. Falling inflation has been …