The Senate Banking Committee’s subcommittee on Economic Policy will be holding a hearing tomorrow entitled "Protecting Consumers’ Pocketbooks: Lowering Food Prices and Combatting Corporate Price Gouging and Consolidation.” This is the second hearing on this topic convened by the Committee; on 2 May, the hearing was Higher Prices: How Shrinkflation and Technology Can Impact Consumers’ Finances.” The panel’s Chairman Sherrod Brown (D-OH) introduced the Shrinkflation Prevention Act in February. Recall, this was a major theme of President Biden’s State of the Union (SOTU) speech when he called for Congress to pass that piece of legislation, which would:
Issue regulations to establish shrinkflation a...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
