SEN: The Amazon Economic Indicator Says Inflation Is Easing
Conor Sen wrote recently in Bloomberg that there was an indicator in the Amazon Q1 earnings call that inflation could easing soon…
On the most recent quarterly earnings conference call on Thursday, the company announced it has now built out the capacity it needed. It is even overstaffed with excess warehouse capacity, and plans to pull back on hiring and investing in the short term while it waits for demand to catch up.
This is probably the best leading indicator you can get that general inflationary pressures in the economy should begin easing over the next couple of quarters.