From FedEx to airlines, companies are starting to lose their pricing power

Consumers may be regaining power in the marketplace

It’s a shift from the recent years when consumers spent at a breakneck pace — and at high prices — lifting corporate revenues to new records. But faced with weakening demand, more price-sensitive consumers, easing inflation and better supply, some sectors are now forced to find profit growth without the tailwind of price hikes.

Societal gradient descent toward that long-rumored “new normal”