Fed Has a Sunny View of Inflation While Companies See the Clouds

  • Conagra and PepsiCo believe that higher costs will be lasting
  • Inflation has become a central theme this earnings season
Fed's Powell Calls Current Inflation 'Unique in History'
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The Federal Reserve may be downplaying the risk of lingering inflation, but those with arguably the best vantage point -- the companies themselves -- are taking a less optimistic view of rising prices.

Just last week, Conagra Brands Inc. and PepsiCo Inc. signaled that higher input costs will be more than a blip. Instead, they expect everything from raw ingredients to labor to remain substantially more expensive in coming months.