Fed Beige Book: US sees steady growth in July-August
Fed Beige Book
Washington - Arab Today
The US economy stuck to its modest-to-moderate pace in recent months but companies complained that China's slowdown and the strong dollar were hurting business, a Federal Reserve report said Wednesday.
Most districts also reported only slight or modest growth in hiring, though a handful said there were increasing wage pressures due to tighter labor market conditions, according to the Beige Book report.
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