Beige Book sees 'slightly weaker' U.S. economy and easing inflation

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Fed survey says businesses ‘hiring less urgently’

The U.S. economy exhibited “stable” to “slightly weaker” growth in the early fall, a Federal Reserve survey found, helping to loosen up a tight labor market and ease inflation.

The Fed’s regular survey of the economy, known as the Beige Book, covered the six weeks leading up to Oct 6. It was prepared ahead of the Fed’s next meeting on Oct 31-Nov. 1.

 

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