FED BEIGE BOOK SIGNALS WEAK GROWTH AND PERSISTENT INFLATIONThe Federal Reserve reports little or no change in employment | HanamiFED BEIGE BOOK SIGNALS WEAK GROWTH AND PERSISTENT INFLATION
The Federal Reserve reports little or no change in employment across most districts, while only 2 of 12 districts recorded moderate economic growth.
Meanwhile, 3 districts reported strong price increases, with several others warning of intensifying cost pressures.
The key concern: Sluggish growth and stagnant hiring alongside persistent inflation complicate the Fed's next interest-rate decision.
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