Fed Beige Book Shows Modest Growth
A new Federal Reserve report shows modest U.S. economic growth and moderate price increases in recent weeks. Policymakers are weighing these mixed conditions ahead of their upcoming interest rate decision.
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United States economic activity grew modestly and prices rose moderately in recent weeks, according to a Federal Reserve survey published on Wednesday. The report precedes the central bank's September 15-16 policy meeting. Financial markets are pricing a 65% chance of a rate hike.
