Mumbai, July 16 -- The Federal Reserve shared in its latest Beige Book on Wednesday that the economic activity in the United States "increased at a slight to moderate pace in eleven of twelve Federal Reserve Districts in late May and June". It was detailed that the growth rate was similar to June's report, which showed ten districts up, one flat and one down.
Regarding employment, it "rose on balance." Five districts saw "modest, moderate, or solid gains" in employment, while seven "experienced little to no change." Meanwhile, prices rose "moderately" across districts, as nine stated that the price growth was "moderate," two mentioned a "robust growth" and one saw "slight growth". "Expectations for price growth over the coming months varie...