Businesses are feeling stronger inflation and paying higher wages, Fed’s ‘Beige Book’ says

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Published : September 09th, 2021
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CNBC/Jeff Cox/9-8-2021

“U.S. businesses are experiencing escalating inflation that is being aggravated by a shortage of goods and likely will be passed onto consumers in many areas, the Federal Reserve reported Wednesday.”

USAGOLD note: Does the latest Beige Book report make stagflation official? The Fed also reported “a deceleration of economic activity” for the July through August period.

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