Fed’s Beige Book: US firms see progress on labor supply, price pressures
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The Federal Reserve’s Beige Book notes that economic activity, stating that “the outlook for future economic growth remained generally weak.
The US central bank released its latest summary of feedback from business contacts nationwide as it mulls whether to proceed with a third straight 75-basis-point interest rate hike at its Sept. 20-21 policy meeting or go with a still larger-than-usual 50-basis-point rise in its battle to curb high inflation.
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