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Manufacturing Rebounds, Inflation Looms
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Overview
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US manufacturing shows growth in March, ending a 1.5-year contraction period, with the ISM's PMI reaching 50.3. New orders and production rebounded, but employment lagged. Rising raw material prices hint at potential goods inflation, impacting interest rates in 2024.
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How might the rebound in manufacturing affect employment trends in the US?
How will the Federal Reserve navigate its monetary policies given the manufacturing sector's growth and inflation concerns?
What strategies can companies adopt to mitigate the impact of rising raw material prices?
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