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Fed's Beige Book: Businesses in several districts anticipate significant hikes in selling prices

1 month ago   |   By FXCM

The Federal Reserve's Beige Book revealed on Wednesday that the economic growth in the Fed's districts downshifted slightly to a moderate pace in early July through August, per Reuters.
Additional takeaways
"All districts continued to report rising employment overall, though the characterization of the pace of job creation ranged from slight to strong."
"Inflation was reported to be steady at an elevated pace, as half of the districts characterized the pace of price increases as strong, while half described it as moderate."
"Demand for workers continued to strengthen, but all districts...
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