Fed Gauges of Factories’ Pricing Power Add to Signs of Inflation
Fed Is Becoming Less Important to Markets, Says Jay Pelosky
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More and more U.S. factories are getting some pricing power back.
Robust orders for business equipment, steady consumer spending and improving economies around the world have stoked demand for raw materials. An acceleration in prices of just about everything from chemicals and fuel to lumber and metals has been in train for months. More recently, some producers have shown a greater ability to pass those costs onto their customers, based on the latest data from regional Federal Reserve banks.