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Businesses are feeling stronger inflation and paying higher wages, Fed’s ‘Beige Book’ says

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Published : September 09th, 2021
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CNBC/Jeff Cox/9-8-2021

“U.S. businesses are experiencing escalating inflation that is being aggravated by a shortage of goods and likely will be passed onto consumers in many areas, the Federal Reserve reported Wednesday.”

USAGOLD note: Does the latest Beige Book report make stagflation official? The Fed also reported “a deceleration of economic activity” for the July through August period.

Read the rest of the article at USA Gold
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