Sunday, May 6, 2018

US companies weigh price hikes as material costs rise
Read more at https://www.channelnewsasia.com/news/business/us-companies-weigh-price-hikes-as-material-costs-rise-10207148

 (Updated: )

Ricky Lim · 
Worries about inflation have been a preoccupation of policymakers and money managers all year because of the fear a sudden jump in prices would prompt the Federal Reserve to accelerate interest rate increases, potentially shocking the global economy.

Companies from across the US economy cited the drag from supply costs in conference calls, in some cases reporting lower first-quarter profits or cutting their outlook.

- 'Risk is building' -
--
Trump and his economic team is shooting themselves on the feet - by raising steel and aluminium tariff and starting a trade war.

Now the US Economy and businesses are facing an increasingly big risk.

Trump and his economic team fail to understand fundamental economic principles - and are now mismanaging US Economy - with collateral damage to the Global Economy.

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