Macroeconomic difficulties have hit Amazon (NASDAQ: AMZN) hard this year. Inflationary pressures added billions of dollars in incremental expenses during the last few quarters, due in large part to higher fuel and shipping costs, rising wages, and supply chain disruptions. More broadly, inflation hit a 41-year high of 9.1% in June, meaning rising prices have outpaced the 2% target set by the Federal Reserve for 16 consecutive months. Read More...
Macroeconomic difficulties have hit Amazon (NASDAQ: AMZN) hard this year. Inflationary pressures added billions of dollars in incremental expenses during the last few quarters, due in large part to higher fuel and shipping costs, rising wages, and supply chain disruptions. More broadly, inflation hit a 41-year high of 9.1% in June, meaning rising prices have outpaced the 2% target set by the Federal Reserve for 16 consecutive months.
