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The Federal Reserve is generally positive about the US economy and says it continues to trudge along, according to its latest Beige Book released on Wednesday.
This collection of economic anecdotes from the Fed’s 12 districts was compiled on or before July 1.
It highlighted further tightness in the labor market, with “the strongest pressures linked to skilled workers and difficult-to-fill positions.”
The Fed’s contacts reported “slight” price pressures, or inflation, with most districts reporting flat selling prices and higher input costs.
The housing market continued to improve, and many districts were upbeat about future conditions, although most of them continued to report tight inventories.
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