Manufacturing Survey Signals Worsening Inflation, Mounting Fed Pressure

A recent manufacturing survey reveals that inflation worries among purchasing managers have escalated to levels worse than the pandemic era, highlighting a highly volatile economic environment. This persistent inflationary pressure is expected to increase scrutiny and demands on the US Federal Reserve to maintain or potentially tighten its monetary policy. Such a hawkish stance from the Fed could strengthen the US dollar and potentially weigh on international gold prices, impacting local gold and currency rates in Pakistan.

بحوالہ / Source: www.cnbc.com