US Economic Activity Rises But Growth Seen Slowing, Fed Beige Book Shows
- Prices rose at modest pace; some districts showed weaker gain
- Employers continued to report difficulty in finding workers
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The US economy showed an overall increase in activity since late May, though most regions expect the pace of expansion to weaken, the Federal Reserve said in its Beige Book survey of regional business contacts.
“Overall economic activity increased slightly since late May,” the Fed said Wednesday in the report, published two weeks before each meeting of the policy-setting Federal Open Market Committee. “Economic expectations for the coming months generally continued to call for slow growth.”