, said the economists first considered inflation a transitory problem linked to the COVID-19 pandemic, but inflation did not ease on its own.
Dan Friedkin, CEO of the Friedkin Group of companies, said its vehicle operations found a way to face that challenge. And while the war in Ukraine began in the first half of the year, companies like Tricon and Ascend Performance Materials saw its effects concentrated in the back half.Senior Vice President and Chief Human Resources Officer Gustavo Nechar said.
To help combat the inflation caused in part by a strong employment market, the Federal Reserve has been boosting interest rates, which has slowed the pace of investment.
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