Companies lose pricing power, the Fed "won without doing anything"

Companies are losing pricing power, and the Federal Reserve "won without doing anything." Companies like Kimberly-Clark, Nestlé, and Procter & Gamble are finding it increasingly difficult to raise prices on consumer goods. This is the result of the severe global inflation caused by the pandemic, and it is also the reason why many economists and investors believe the Federal Reserve will cut interest rates. The market has already anticipated that the Federal Reserve will cut interest rates twice this year, leading investors to flock to the bond market. However, it is still unclear when the Federal Reserve will take action