U.S. corporate margins are being squeezed -fund manager

The International Monetary Fund said on Tuesday it trimmed its 2021 global growth forecast to 5.9% from the 6.0% forecast it made in July. It also slashed growth outlooks for the United States and other major industrial powers.

The United States is "seeing a little bit of a crimp on margins and profits from higher energy prices and higher labor costs," said Watts.

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