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US: Beige Book: weaker activity but elevated/increasing price pressures

Jul 24,2008

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The latest Beige Book’s assessment (summarized by the Kansas Fed) of eco activity was modestly weaker than the previous Book six weeks ago. The Book said that the pace of eco activity slowed somewhat since the previous report whereas in the previous Book described economic activity as remaining generally weak. Five districts noted a weakening in their economies, whereas Chicago spoke about a sluggish economy and Kansas noted a moderation in growth. St-Louis said activity was stable and San

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