Companies scrambling to explain signs of overheating in the U.S. economy
The speed of the U.S. rebound from the Covid-19 crisis has caused executives, investors and economists to scramble to explain whether labor shortages and price increases are short-term summer economic booms or longer-term dangerous inflation.
Some of the country’s largest companies praised the strength of the recovery in recent financial reports, but declined to predict whether rapid vaccination and large-scale fiscal stimulus will cause trouble for US companies.
Walmart CEO Doug McMillon warned this week: “The second half of the year may be more uncertain than normal.” Although he and his contemporaries pointed out the impact of consumer spending. The robustness and rising savings rate indicate the prospect of continuing to be suppressed. Increase in demand.