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Inflation is starting to show up in US earnings
Inflation is beginning to show up in first-quarter earnings with a slew of reports on Thursday highlighting the pressure on margins from the rising costs of a range of raw materials, from fuel to freight costs to food and even wages. Oil prices, which are mostly dictated by supply/demand dynamics, are currently trading at a 3 1/2 year high, raising costs for energy-dependent industries, such as airlines and transportation and logistics companies. But recent surveys show that companies are paying more for a range of raw of partly finished goods, as MarketWatch’s Jeffry Bartash has reported. These include steel, ... (full story)