On Wednesday, the Bureau of Labor Statistics released data showing the Consumer Price Index rose 8.5% over the past year as of July. The number showed inflation had cooled from 9.1% the prior month, somewhat easing fears of a recession. On a recent episode of “Influencers with Andy Serwer,” before the latest inflation numbers were released, ServiceNow (NOW) CEO Bill McDermott predicted that, if a recession comes, it would not pose a long-term threat to the U.S. economy. “I’m actually really… Source link
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