fbpx
The annual Global Impact Conference 2022 brings together visionary business leaders to revolutionize educational systems and inspire collaborative actionRead more APO Group announces content partnership with Pan-African broadcaster VoxAfricaRead more MainOne, an Equinix Company’s MDXi Appolonia Achieves Tier III Constructed Facility certification (TCCF), Now Most Certified Data Center in GhanaRead more United Nations High Commissioner for Refugees (UNHCR) warns rising tide of hunger, insecurity, and underfunding worsening gender-based violence risksRead more The Royal Thai Embassy presents the cultures of Thailand at the Association of Southeast Asian Nations (ASEAN) Festival in KenyaRead more Climate change is the biggest global threat, young people in Africa and Europe tell European Investment Bank (EIB), Debating Africa and Debating EuropeRead more $2 million in prizes awarded at Conference of the Parties (COP27) to African youth-led businessesRead more Africa and Europe’s top business and public sector leaders gather to chart Africa’s economic rebirthRead more The Thai delegation’s active participation at the 145th Assembly of the Inter-Parliamentary Union (IPU) in KigaliRead more Canon shares winning image of its Redline Challenge competition 2022Read more

Supply chain issues continue to restrain US growth: Fed Beige Book

show caption
NEWARK, NEW JERSEY - OCTOBER 17: Containers are seen at a port in Newark of New Jersey, United States on October 17, 2021 as supply chain disruptions continue in US. ( Tayfun Coşkun - Anadolu Agency )
Print Friendly and PDF

Mar 03, 2022 - 07:42 AM

ANKARA (AA) – Supply chain issues and low inventories continue to restrain US economic growth, according to the Federal Reserve’s Beige Book released Wednesday.

Disruptions in supply chains are expected to persist and continue to negatively impact manufacturing, real estate and construction, retail, travel, tourism, and overall prices, according to the report prepared by responses of the Federal Reserve Bank’s 12 districts.

“Labor cost increases and ongoing materials shortages also contributed to higher input prices. Firms reported an increased ability to pass on prices to consumers; in most cases, demand has remained strong despite price increases,” the report said.

“Firms reported they expect additional price increases over the next several months as they continue to pass on input cost increases,” it added.

While the Fed districts are mixed regarding inflation, some expressed optimism that inflation will ease as supply chains improve, but wage inflation may continue for longer, according to the report.

  • bio
  • twitter
  • facebook
  • latest posts

MAORANDCITIES.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.