Photographer: David Williams/Bloomberg

That Bubbling Sound Coming From U.S. Factories May Be Inflation

  • ISM factory gauge advances to a two-year high in December
  • Price gauge surges though still below higher-inflation periods

Champagne wasn’t the only thing bubbling at the start of 2017 for U.S. manufacturers: So was inflation, a potential warning sign in an otherwise broadly positive report on American factories.

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