U.S. economy keeps up the momentum, but rising costs put a lid on new hiring
The largest part of the economy grew in July at a robust pace, but scattered shortages of key supplies and dogged inflation raised the cost of doing business. Companies responded by keeping a lid on hiring.
The largest part of the economy grew in July at a robust pace, but scattered shortages of key supplies and dogged inflation raised the cost of doing business. Companies responded by keeping a lid on hiring. This story matters for Finance & Markets readers tracking lending. Reported by marketwatch.com. Read the full original at the source link below.
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