China is emerging as a key growth engine for the world economy, contributing over a quarter of total global growth in recent years, more than any other country. The downside for U.S. consumers and businesses is that this is forcing global commodity prices higher.
I was kind of under the impression that very little research was meaningful in medicine ? that their work was frivolous. Every time I was able to deny a project, I felt I had gained a victory that these animals didn't have to be used in research.
The Federal Reserve will continue to raise rates during the next several meetings, as the pass-though from higher oil prices to overall inflation may not yet be over. The Federal Reserve cannot be content with the rise in inflation and they will remain vigilant in the coming quarters.
We chose this location for a number of reasons, including the size and skill level of the local workforce, the location and condition of the plant, and the right level of local and state assistance necessary to launch such a venture.
Core inflation has accelerated over the past three months, suggesting that the Fed has not yet completely corked the inflation genie. The present inflationary environment will continue to push the Fed further down the path of interest rate hikes.
Come March, they may need to blow right past a neutral rate and begin preparing some preventive policy tightening designed to slow GDP growth back to trend and head off additional inflationary pressures.
Wages have been having trouble keeping pace with inflation. You might be growing more jobs, and there may be more vacancies, but employers have been extremely reluctant to increase wages to lure people back into the job market.