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Fed's attempts to lift rates falter as firms waver

Many companies still think they can't push through price increases, even after eight years of economic expansion
Friday, June 23, 2017 - 05:50

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Amazon, which is acquiring Whole Foods Market (above), is expected to cut headcount and change inventory to reduce prices as it steps up competition with Walmart and other big-box retailers.

Washington

IT'S like bringing a knife to a gunfight.

That's how McKinsey & Co consultant Walter Baker describes the plight of corporate salespeople doing battle with purchasing managers in the US today.

The vendors want to charge more for the in-demand products they're

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