Manufacturers Are Paying More for Raw Materials ; Fed Unlikely to Lower Interest Rates
The Record, Bergen County, NJ › May 02, 2007
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Summary
NEW YORK Faster-than-expected manufacturing growth in April led to rising prices in many raw materials metals, fuel and corn-based products fanning worries on Tuesday that inflation would keep the Federal Reserve from lowering interest rates.
The Institute for Supply Management said on Tuesday that its manufacturing index hit the highest rate in 11 months, and that the prices component of the index surged to its steepest since July.See the full content of this document
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Manufacturers Are Paying More for Raw Materials ; Fed Unlikely to Lower Interest Rates
The manufacturing index registered 54.7 in April, above the March reading of 50.9 a...
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