Businesses are feeling stronger inflation and paying higher wages, Fed’s ‘Beige Book’ says
Repost from 9-9-2021
“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.