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U.S. Economy Slows in Several Parts of the Country, Fed’s Beige Book Says

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A number of components of the nation confirmed indicators of slowdown in latest weeks and worth will increase remained important because the U.S. financial system continued to modestly develop, the Federal Reserve mentioned in a report.

All through the nation, prices for food and energy rose, in response to the beige e book, which is a compilation of financial anecdotes collected by way of July 13. The newest publication launched Wednesday comes as inflation hit 9.1% in June, a four-decade excessive.