Posted inEconomy

Powell tries to be ‘plausible’ as prices soar

NEW YORK – The data firm Markit-IHT reported Friday “survey-record rise in backlogs of work as firms struggled to meet demand due to supply chain bottlenecks and labor shortages” in October, “in turn driving the steepest rise in prices yet recorded by the survey.” Markit’s widely followed Purchasing Managers’ Index showed continued economic growth as […]

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