U.S.: Factories Are Surging. Will Inflation Follow?By
Smokestack America is belching fire again. After a strong upturn in 1994, its best year since the late 1980s, manufacturing struggled last year with stagnant orders and heavy inventories after the Federal Reserve's doubling of short-term interest rates. Output nearly ground to a halt, and factories began laying off workers.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.