NewsHK
Against a backdrop of persistent price pressures, a manufacturing survey has found that inflation anxiety among purchasing managers has surpassed levels recorded during the pandemic, a finding that deepens the policy bind facing the Federal Reserve.
The commentary accompanying the survey described a highly volatile environment in which purchasing managers were struggling to stay ahead of rising costs.
A comparison that reframes the inflation debate The pandemic comparison carries weight.
That period represented extreme supply disruption, and the survey's conclusion that current inflation worries have exceeded it speaks to how entrenched price pressures have become in the manufacturing sector.
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