Jul 16, 2022

Chip Maker Intel Has News That Customers and Companies Won’t Like

Posted by in categories: business, computing, economics, finance, health, policy, transportation

Intel ((INTC) — Get Intel Corporation Report ) is the bearer of additional bad news.

The chip giant will give an extra blow to consumers and businesses concerned about the health of the economy. For several weeks in fact, consumers have seen their bills for groceries and other products increase. The price of gasoline at the pump has jumped when they go to fill up their car.

And the situation is not getting any better since inflation remains at its highest for forty years, which should push the Federal Reserve to be even more aggressive in raising rates. However, economists have already warned that this monetary policy would plunge the economy into recession.

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