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| Economy |
| US firms face tariff-fueled price hikes, widespread labor shortages: Fed |
| 2018-10-25 |
| [JOURNALDUCAMEROUN] US firms nationwide complain trade disputes with China and others are boosting the prices of key inputs, while they continue to face widespread labor shortages, the Federal Reserve said Wednesday. The ongoing difficulty in filling open positions at all skill levels and in every region is delaying projects and pressuring firms to raise wages or benefits ‐ or even employ robots to ramp up production ‐ according to the Fed’s latest "beige book" survey of the economy. While the reports from the Fed’s regional banks reflected a healthy US economy, with "modest to moderate growth," President Donald Trump ...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States... ’s aggressive tariff strategy, which has drawn retaliation from trading partners, is potentially adding fuel to inflation. The central bank is watching price pressures closely to gauge how fast and how far to raise the benchmark lending rate, to allow the economy to continue to grow without an acceleration of inflation. The Fed has raised the key interest rate three times this year and is widely expected to increase by another 0.25 percentage points in December. "Manufacturers reported raising prices of finished goods out of necessity as costs of raw materials such as metals rose, which they attributed to tariffs," the Fed report said. |
| Posted by:Fred |
| #2 The last big hand-wringing over the economy as all about flat wages and people dropping out of the workforce. Now it's labor shortages and rising wages due to demand for workers. But that's OK, it's still a crisis, right? |
| Posted by: SteveS 2018-10-25 09:53 |
| #1 Is the headline suggesting the labor shortages are related to the tariffs? No one would be dumb enough to believe that. Right? I mean, excepting Alexandria O-C. |
| Posted by: Bobby 2018-10-25 08:58 |