Biden's manufacturing industry is expanding, but that could be bad forxa0inflation
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American manufacturers experienced their first expansion in 16 months in March, according to the Institute for Supply Management. However, the resurgence in the industry could complicate the Federal Reserve’s efforts to combat inflation, potentially delaying or reducing interest rate cuts. President Joe Biden’s major spending packages have allowed manufacturers to invest in new production facilities. While some Fed officials remain patient before implementing rate cuts, the stock market reacted negatively to strong economic data. The manufacturing sector’s expansion adds to the evidence of a robust economy. Amazon is discontinuing its cashier-less technology at its US grocery stores, replacing it with a smart shopping cart. The checkout technology will continue to be used in Amazon Go stores and smaller format Fresh stores in the UK. Cashier-less technology has not gained traction among customers, particularly in grocery stores where customers face additional tasks like weighing produce.