"Fed's Beige Book Reveals Cooling Labor Market and Stalled Economic Activity"
TL;DR Summary
The Federal Reserve's Beige Book survey revealed signs of a cooling labor market across most regions of the country, with reports of larger applicant pools, lower turnover rates, and easing wage pressures. This could help keep inflation in check, influencing the Fed's upcoming interest-rate policy meeting. Despite this, business contacts expressed optimism about future growth, while retailers faced pressure to contain prices due to consumers' price sensitivity.
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