consumer goods

Consumption has been increasingly important to the U.S. economy since the end of World War II, when wartime factories pivoted to producing consumer goods and manufacturers needed to build markets for their products.

The segment creates packaging materials for a range of industries outside food, in areas such as consumer goods and e-commerce.

This echoes what big box retailers and consumer goods giants have been saying.

Last week, Federal Reserve Chair Jerome Powell said that while the new levies have pushed up prices for consumer goods, the Fed expected these increases to be “relatively short-lived” and that inflation expectations remained well-anchored.

The new fund will focus on sectors including enterprise technology, financial services, pharmaceuticals, healthcare and consumer goods, he said.