The Federal Reserve just released its latest Beige Book, outlining economic activity in the Fed's 12 regions. The report showed that while economic activity is growing at a modest to moderate pace in most regions, there was only "modest wage pressures" in the US economy. Here's the complete report from the Fed: All twelve Federal Reserve Districts indicated that economic activity expanded from mid-May through June. Activity in New York, Philadelphia, and Kansas City grew at a modest pace, while Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Dallas, and San Francisco saw moderate growth. Compared with the previous report, growth remained steady in Cleveland, and Boston reported...
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