[S&P 500 Companies' Inflation Mentions Hit a New Monthly High Since February 2024 During Earnings Calls, Inflation Concerns Rise Again] BlockBeats reported on November 8th, citing Bloomberg, that the number of times inflation-related terms were mentioned during S&P 500 company earnings calls in October rose to 820, a new monthly high since February 2024, reflecting companies' concerns about rising costs and weakening consumer confidence. Bloomberg economics analysts pointed out that the latest personal income and spending data show that inflation is rising, while income growth has failed to keep pace with price increases. Rising oil prices have pushed up the prices of key raw materials such as fuel, fertilizers, and plastic resins, increasing costs for airline operations and product packaging. General Motors expects that rising commodity, logistics, and memory chip prices will have an adverse impact of approximately $2 billion this year. Even the typically well-protected banking sector is increasingly discussing inflation. Wells Fargo CEO Charles Scharf stated that persistent inflation and high interest rates are a major headwind, and the longer this continues, the greater the pressure on consumers and corporate clients is likely to be. As of the time of this report, only one week into November, the number of times inflation was mentioned in earnings calls far exceeded the total number of mentions for the entire month of November last year. [Original Link]