U.S. Manufacturing Powers On Even as Inflation Heats Up in March

Bloomberg2021-03-26

Latest regional Fed surveys highlight sustained factory growth Soaring materials prices, supply chains complicate progress American manufacturing continues to pour on the momentum as the first ...

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Comments

windspring
2021-03-28
windspring
Wow
Ben0619
2021-03-28
Ben0619
[微笑]
Jassss
2021-03-28
Jassss
[呆住]
- Ben0619:
  [微笑]
- pal22:
  good
PooYen
2021-03-28
PooYen
Pls like and comment on my response
- SSVC:
  [强][握手]
Jojofi
2021-03-27
Jojofi
Interesting
- Jojofi:
  [财迷]
- WeiKeong:
  [得意]
jkleiderc
2021-03-26
jkleiderc
hais

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The latest Philadelphia, New York and Richmond Fed surveys highlight growing materials inflation that risks filtering through to higher prices of finished goods for households and businesses.\n\nFed Chair Jerome Powell told lawmakers this week, however, that he views the current supply-chain bottlenecks and pressure on input prices as temporary.\n“We have been living in a world of strong disinflationary pressures -- around the world really -- for a quarter of a century,” Powell told the House Financial Services Committee on Tuesday. “We don’t think a one-time surge in spending leading to temporary price increases would disrupt that.”\nNew York Fed President John Williams, in a Wednesday event,notedthat “we’re still about 9 million jobs lower than we were a year ago in the U.S. economy, so I think that that’s going to keep inflation pressures pretty low for some time.”\nRecent manufacturing figures for March support Powell’s forecast. 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