Tomorrow's jobs will be focused on the programming of logistics through GPS and artificial intelligence. We can no further stop these trends then we could the development of the railroad, automobile, or Internet. It won't be stopped by monetary policy either.
Headline: Amazon cutting prices at Whole Foods will not cause deflation
Amazon (AMZN) buying Whole Foods (WFM) seems like the only thing anyone can talk about right now.
This includes Federal Reserve officials.
On Tuesday, Chicago Fed president Charles Evans said in an interview with CNBC that, “In a world of global competition and new technology, I think competition is coming from new places. New partners are choosing to merge and sort of changing the marketplace and [bringing] more competitive pressures on price margins.”
Evans later noted the Amazon-Whole Foods merger by name, which analysts have speculated will come with grocery price cuts.
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